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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $15,592 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,340 | $99,957-73.6% | $149,730-82.4% | $73,493-64.2% |
| Participation rate | 64.7% | 75.7%-11.0pp | 82.5%-17.8pp | 70.7%-6.0pp |
| Annual return | 14.47% | 53.87%-39.4pp | 276.70%-262.2pp | 28.51%-14.0pp |
| Employer contribution / active EE | $1,680 | $3,191-47.4% | $4,645-63.8% | $2,270-26.0% |
| Participant deferral / active EE | $5,235 | $6,073-13.8% | $6,843-23.5% | $3,740+40.0% |
| Admin fee / account holder | $97 | $551-82.4% | $9,310-99.0% | $513-81.1% |