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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.6 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $34,959 |
Filed as: ALLIANT RETIREMENT CONSULTING Service code 15 · EIN 03-3078543 PO BOX 8344 · PASADENA, CA 91109 | Recordkeeping | $8,435 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,868 | $44,764-86.9% | $68,808-91.5% | $64,819-90.9% |
| Participation rate | 68.8% | 64.8%+4.0pp | 69.0%-0.2pp | 71.5%-2.7pp |
| Annual return | -15.06% | -10.91%-4.1pp | -6.37%-8.7pp | 32.84%-47.9pp |
| Employer contribution / active EE | $455 | $1,775-74.3% | $2,656-82.9% | $2,507-81.8% |
| Participant deferral / active EE | $1,166 | $3,238-64.0% | $3,942-70.4% | $4,311-72.9% |
| Admin fee / account holder | $126 | $151-16.4% | $4,936-97.4% | $188-32.7% |