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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.4+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $11,302 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $34,892 | $77,816-55.2% | $123,552-71.8% | $64,173-45.6% |
| Participation rate | 77.5% | 74.7%+2.8pp | 82.3%-4.8pp | 69.6%+7.9pp |
| Annual return | -5.20% | 12.49%-17.7pp | 119.20%-124.4pp | 7.63%-12.8pp |
| Employer contribution / active EE | $3,593 | $3,014+19.2% | $4,628-22.4% | $2,381+50.9% |
| Participant deferral / active EE | $8,286 | $5,240+58.1% | $6,426+28.9% | $3,470+138.8% |
| Admin fee / account holder | $583 | $5,519-89.4% | $9,285-93.7% | $4,887-88.1% |