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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 | Recordkeeping | $13,928 |
PAYCHEX, INC.9+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $12,108 |
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 | $24,897 | $76,696-67.5% | $96,515-74.2% | $71,511-65.2% |
| Participation rate | 75.3% | 66.6%+8.7pp | 74.3%+1.0pp | 67.9%+7.4pp |
| Annual return | 17.39% | 48.32%-30.9pp | 35.73%-18.3pp | 28.86%-11.5pp |
| Employer contribution / active EE | $0 | $3,032-100.0% | $3,740-100.0% | $2,589-100.0% |
| Participant deferral / active EE | $1,109 | $3,770-70.6% | $4,880-77.3% | $4,291-74.2% |
| Admin fee / account holder | $102 | $2,030-95.0% | $6,735-98.5% | $1,588-93.5% |