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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3+ years Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $8,173 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $24,455 | $69,305-64.7% | $82,312-70.3% | $69,631-64.9% |
| Participation rate | 63.7% | 80.3%-16.5pp | 76.9%-13.2pp | 70.7%-7.0pp |
| Annual return | 17.56% | 21.47%-3.9pp | 25.88%-8.3pp | 27571.02%-27553.5pp |
| Employer contribution / active EE | $456 | $1,887-75.8% | $2,428-81.2% | $2,032-77.6% |
| Participant deferral / active EE | $1,831 | $3,568-48.7% | $3,706-50.6% | $3,224-43.2% |
| Admin fee / account holder | $23 | $97-76.4% | $5,608-99.6% | $110-79.2% |