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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 | Recordkeeping | $13,820 |
PAYCHEX, INC.8+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $10,061 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer 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.
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 | $17,473 | $64,176-72.8% | $112,249-84.4% | $66,938-73.9% |
| Participation rate | 85.1% | 68.4%+16.6pp | 75.1%+10.0pp | 69.8%+15.2pp |
| Annual return | -16.29% | -13.80%-2.5pp | 27.48%-43.8pp | 1.58%-17.9pp |
| Employer contribution / active EE | $0 | $3,007-100.0% | $3,636-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $1,153 | $3,694-68.8% | $4,729-75.6% | $4,238-72.8% |
| Admin fee / account holder | $80 | $626-87.1% | $6,412-98.7% | $594-86.4% |