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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $19,013 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,514 | $49,976-67.0% | $66,674-75.2% | $82,637-80.0% |
| Participation rate | 51.0% | 63.1%-12.1pp | 73.7%-22.7pp | 68.1%-17.0pp |
| Annual return | 11.18% | 39.09%-27.9pp | 321.24%-310.1pp | 53.51%-42.3pp |
| Employer contribution / active EE | $1,439 | $1,988-27.6% | $2,620-45.1% | $2,552-43.6% |
| Participant deferral / active EE | $3,411 | $2,847+19.8% | $4,084-16.5% | $4,126-17.3% |
| Admin fee / account holder | $328 | $4,594-92.9% | $5,098-93.6% | $7,339-95.5% |