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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $4,233 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $18,254 | $70,002-73.9% | $115,038-84.1% | $52,331-65.1% |
| Participation rate | 60.5% | 72.1%-11.6pp | 81.4%-20.9pp | 68.1%-7.6pp |
| Annual return | 42.95% | 4.04%+38.9pp | 26.14%+16.8pp | 4.54%+38.4pp |
| Employer contribution / active EE | $1,639 | $2,715-39.6% | $4,608-64.4% | $1,882-12.9% |
| Participant deferral / active EE | $3,939 | $4,920-19.9% | $6,026-34.6% | $3,022+30.3% |
| Admin fee / account holder | $89 | $566-84.3% | $8,175-98.9% | $592-85.0% |