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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.7 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $13,359 |
Filed as: ALLIANT RETIREMENT SERVICES LLC Service code 15 · EIN 33-0785439 701 B STREET · SAN DIEGO, CA 92101 | Recordkeeping | $7,472 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $6,302 | $49,693-87.3% | $70,544-91.1% | $74,460-91.5% |
| Participation rate | 65.7% | 64.7%+1.0pp | 68.4%-2.7pp | 70.7%-5.1pp |
| Annual return | 15.33% | 21.22%-5.9pp | 32.79%-17.5pp | 34.38%-19.1pp |
| Employer contribution / active EE | $533 | $1,773-69.9% | $2,976-82.1% | $2,638-79.8% |
| Participant deferral / active EE | $1,260 | $3,376-62.7% | $4,568-72.4% | $4,530-72.2% |
| Admin fee / account holder | $54 | $316-82.8% | $6,427-99.2% | $348-84.4% |