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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.2+ years Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $8,608 |
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).
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 | $26,495 | $75,183-64.8% | $123,894-78.6% | $55,167-52.0% |
| Participation rate | 68.2% | 72.8%-4.6pp | 81.4%-13.2pp | 69.0%-0.8pp |
| Annual return | 23.95% | 19.01%+4.9pp | 47.52%-23.6pp | 169.23%-145.3pp |
| Employer contribution / active EE | $2,212 | $2,823-21.7% | $4,617-52.1% | $1,963+12.7% |
| Participant deferral / active EE | $5,217 | $5,084+2.6% | $5,984-12.8% | $3,054+70.8% |
| Admin fee / account holder | $161 | $663-75.7% | $8,357-98.1% | $504-68.1% |