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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.8+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $35,625 |
Service code 15 | Recordkeeping | $14,297 |
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.
Annual investment return 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,119 | $46,332-78.2% | $143,797-93.0% | $64,824-84.4% |
| Participation rate | 68.6% | 64.2%+4.4pp | 80.3%-11.7pp | 71.5%-2.9pp |
| Annual return | -18.53% | -10.05%-8.5pp | -0.04%-18.5pp | 32.84%-51.4pp |
| Employer contribution / active EE | $0 | $1,911-100.0% | $4,952-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $1,153 | $2,647-56.5% | $5,638-79.6% | $4,311-73.3% |
| Admin fee / account holder | $108 | $154-30.1% | $14,679-99.3% | $188-42.8% |