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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $1,036 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,723 | $75,832-80.6% | $147,617-90.0% | $59,633-75.3% |
| Participation rate | 58.9% | 71.6%-12.6pp | 84.6%-25.7pp | 68.7%-9.7pp |
| Annual return | 3.96% | 0.37%+3.6pp | 61.98%-58.0pp | 2041.45%-2037.5pp |
| Employer contribution / active EE | $687 | $3,485-80.3% | $5,564-87.7% | $2,203-68.8% |
| Participant deferral / active EE | $1,491 | $3,131-52.4% | $4,895-69.5% | $3,192-53.3% |
| Admin fee / account holder | $25 | $5,986-99.6% | $11,612-99.8% | $4,297-99.4% |