Filed December 18, 2023
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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.5 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $16,638 |
Service code 26 1300 SW 5TH AVENUE, SUITE 2100 · PORTLAND, OR 97201 | Advisory (Participants) | $11,076 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,381 | $62,127-60.8% | $81,382-70.0% | $74,495-67.3% |
| Participation rate | 60.0% | 64.0%-4.0pp | 69.5%-9.5pp | 67.2%-7.2pp |
| Annual return | 14.24% | 16.48%-2.2pp | 24.73%-10.5pp | 1364.94%-1350.7pp |
| Employer contribution / active EE | $1,773 | $1,882-5.8% | $2,463-28.0% | $2,623-32.4% |
| Participant deferral / active EE | $3,745 | $3,229+16.0% | $3,883-3.6% | $4,346-13.8% |
| Admin fee / account holder | $147 | $1,934-92.4% | $5,768-97.4% | $1,942-92.4% |