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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $6,960 |
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.
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 | $16,428 | $66,004-75.1% | $81,820-79.9% | $77,714-78.9% |
| Participation rate | 42.9% | 65.8%-22.9pp | 72.4%-29.5pp | 70.6%-27.7pp |
| Annual return | 11.83% | 26.65%-14.8pp | 777.93%-766.1pp | 31.26%-19.4pp |
| Employer contribution / active EE | -$34 | $2,375-101.4% | $2,915-101.2% | $2,727-101.3% |
| Participant deferral / active EE | $1,708 | $3,508-51.3% | $4,323-60.5% | $4,649-63.3% |
| Admin fee / account holder | $78 | $527-85.3% | $7,391-98.9% | $433-82.1% |