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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $10,213 |
Service code 15 | Recordkeeping | $9,767 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,469 | $25,302-3.3% | $74,722-67.3% | $67,579-63.8% |
| Participation rate | 42.3% | 37.8%+4.4pp | 54.5%-12.2pp | 71.3%-29.0pp |
| Annual return | 24.73% | 10291.17%-10266.4pp | 753.11%-728.4pp | 378.56%-353.8pp |
| Employer contribution / active EE | $1,140 | $446+155.4% | $1,084+5.1% | $2,148-46.9% |
| Participant deferral / active EE | $1,646 | $954+72.5% | $1,963-16.2% | $3,539-53.5% |
| Admin fee / account holder | $154 | $108+43.1% | $3,335-95.4% | $142+8.2% |