Filed October 20, 2023
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| Provider | Service type | Compensation |
|---|---|---|
401K GENERATION1 year Service code 15 · EIN 26-4477125 2100 LAKE EUSTIS DR · TAVARES, FL 32778 | Recordkeeping | $34,587 |
PAYCHEX, INC.3+ years Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $6,988 |
Filed as: MID-ATLANTIC Service code 15 · EIN 26-0010549 1251 WATERFRONT PL · PITTSBURGH, PA 15222 | Recordkeeping | $780 |
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.
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 | $17,466 | $43,411-59.8% | $94,993-81.6% | $69,631-74.9% |
| Participation rate | 33.7% | 64.4%-30.7pp | 73.9%-40.2pp | 70.7%-37.0pp |
| Annual return | 16.42% | 22.54%-6.1pp | 27.14%-10.7pp | 27571.02%-27554.6pp |
| Employer contribution / active EE | $273 | $1,202-77.3% | $2,603-89.5% | $2,032-86.5% |
| Participant deferral / active EE | $585 | $2,384-75.5% | $3,317-82.4% | $3,224-81.8% |
| Admin fee / account holder | $115 | $87+32.2% | $4,960-97.7% | $110+4.5% |