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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 | $13,906 |
Service code 15 | Recordkeeping | $11,614 |
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.
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 | $4,614 | $37,196-87.6% | $154,108-97.0% | $55,725-91.7% |
| Participation rate | 69.7% | 64.1%+5.6pp | 83.0%-13.3pp | 70.9%-1.1pp |
| Annual return | -4.27% | 1319.68%-1323.9pp | 735.21%-739.5pp | 244.93%-249.2pp |
| Employer contribution / active EE | $0 | $1,614-100.0% | $5,298-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $875 | $2,068-57.7% | $5,081-82.8% | $3,356-73.9% |
| Admin fee / account holder | $28 | $102-72.0% | $13,411-99.8% | $115-75.3% |