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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $7,903 |
SECURITIES AMERICA INC1 year Filed as: BB&T SECURITIES LLC Service code 15 901 EAST BYRD STREET · RICHMOND, VA 23219 | Recordkeeping | $6,866 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $8,428 | $75,388-88.8% | $123,553-93.2% | $55,725-84.9% |
| Participation rate | 48.3% | 75.7%-27.3pp | 82.3%-33.9pp | 70.9%-22.5pp |
| Annual return | 25.59% | 4.48%+21.1pp | 119.21%-93.6pp | 244.93%-219.3pp |
| Employer contribution / active EE | $634 | $3,063-79.3% | $4,628-86.3% | $2,078-69.5% |
| Participant deferral / active EE | $1,570 | $5,651-72.2% | $6,426-75.6% | $3,356-53.2% |
| Admin fee / account holder | $60 | $120-50.2% | $9,284-99.4% | $115-48.2% |