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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $5,503 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $6,587 | $37,117-82.3% | $147,617-95.5% | $55,191-88.1% |
| Participation rate | 60.4% | 63.6%-3.2pp | 84.6%-24.2pp | 69.2%-8.8pp |
| Annual return | 1.32% | 3.44%-2.1pp | 61.98%-60.7pp | 10.78%-9.5pp |
| Employer contribution / active EE | $2 | $1,620-99.9% | $5,564-100.0% | $1,899-99.9% |
| Participant deferral / active EE | $699 | $1,985-64.8% | $4,895-85.7% | $3,046-77.1% |
| Admin fee / account holder | $12 | $86-86.3% | $11,612-99.9% | $91-87.1% |