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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $5,969 |
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 | $3,071 | $46,423-93.4% | $75,901-96.0% | $67,579-95.5% |
| Participation rate | 53.1% | 63.1%-10.0pp | 69.3%-16.2pp | 71.3%-18.2pp |
| Annual return | 25.21% | 32.29%-7.1pp | 30.76%-5.6pp | 378.56%-353.3pp |
| Employer contribution / active EE | $377 | $1,406-73.2% | $2,501-84.9% | $2,148-82.4% |
| Participant deferral / active EE | $726 | $2,564-71.7% | $3,603-79.9% | $3,539-79.5% |
| Admin fee / account holder | $11 | $132-91.6% | $5,420-99.8% | $142-92.2% |