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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $9,479 |
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).
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 | $18,301 | $99,957-81.7% | $149,715-87.8% | $73,493-75.1% |
| Participation rate | 83.6% | 75.7%+7.9pp | 82.5%+1.1pp | 70.7%+12.9pp |
| Annual return | 24.72% | 53.87%-29.2pp | 276.66%-251.9pp | 28.51%-3.8pp |
| Employer contribution / active EE | $2,899 | $3,191-9.2% | $4,645-37.6% | $2,270+27.7% |
| Participant deferral / active EE | $6,658 | $6,073+9.6% | $6,842-2.7% | $3,740+78.0% |
| Admin fee / account holder | $70 | $551-87.3% | $9,310-99.2% | $513-86.4% |