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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $1,923 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $6,063 | $46,360-86.9% | $147,618-95.9% | $52,331-88.4% |
| Participation rate | 33.7% | 64.9%-31.2pp | 84.6%-50.9pp | 68.1%-34.4pp |
| Annual return | 0.72% | 1.62%-0.9pp | 61.98%-61.3pp | 4.54%-3.8pp |
| Employer contribution / active EE | $370 | $2,126-82.6% | $5,565-93.3% | $1,882-80.3% |
| Participant deferral / active EE | $578 | $2,258-74.4% | $4,895-88.2% | $3,022-80.9% |
| Admin fee / account holder | $22 | $766-97.2% | $11,612-99.8% | $592-96.3% |