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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 | Recordkeeping | $17,228 |
PAYCHEX, INC.7+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $11,383 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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.
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 | $26,032 | $78,275-66.7% | $109,173-76.2% | $86,821-70.0% |
| Participation rate | 80.2% | 73.8%+6.4pp | 75.9%+4.3pp | 72.3%+7.9pp |
| Annual return | 11.76% | 19.14%-7.4pp | 25.75%-14.0pp | 97.94%-86.2pp |
| Employer contribution / active EE | $1,119 | $3,105-63.9% | $3,723-69.9% | $2,406-53.5% |
| Participant deferral / active EE | $1,052 | $3,641-71.1% | $4,654-77.4% | $4,132-74.5% |
| Admin fee / account holder | $98 | $198-50.5% | $6,755-98.5% | $170-42.1% |