Filed February 12, 2024 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.5 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $19,472 |
Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 26 · EIN 59-1199408 PO BOX 23641 · ST PETERSBURG, FL 33742 | Advisory (Participants) | $11,411 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,685 | $45,022-76.3% | $85,240-87.5% | $200,096-94.7% |
| Participation rate | 12.6% | 45.8%-33.2pp | 67.5%-54.9pp | 72.0%-59.4pp |
| Annual return | 13.03% | 21.00%-8.0pp | 66.75%-53.7pp | 34.26%-21.2pp |
| Employer contribution / active EE | $215 | $1,374-84.4% | $2,735-92.2% | $3,038-92.9% |
| Participant deferral / active EE | $788 | $2,682-70.6% | $4,527-82.6% | $5,090-84.5% |
| Admin fee / account holder | $69 | $585-88.2% | $6,165-98.9% | $269-74.3% |