Filed December 18, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $11,388 |
Filed as: PHILLIPS AND COMPANY ADVISORS Service code 15 521 SW 11TH AVE · PORTLAND, OR 97205 | Recordkeeping | $10,182 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,174 | $59,584-74.5% | $86,615-82.5% | $79,391-80.9% |
| Participation rate | 66.2% | 67.7%-1.5pp | 71.6%-5.5pp | 70.7%-4.5pp |
| Annual return | 21.83% | 23.15%-1.3pp | 63.51%-41.7pp | 116.88%-95.1pp |
| Employer contribution / active EE | $943 | $1,768-46.7% | $2,496-62.2% | $2,428-61.2% |
| Participant deferral / active EE | $1,987 | $3,036-34.6% | $3,699-46.3% | $4,046-50.9% |
| Admin fee / account holder | $112 | $604-81.4% | $5,830-98.1% | $627-82.1% |