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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $8,853 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $24,098 | $53,412-54.9% | $68,509-64.8% | $52,331-54.0% |
| Participation rate | 62.4% | 71.7%-9.2pp | 74.7%-12.3pp | 68.1%-5.7pp |
| Annual return | -0.84% | 3.42%-4.3pp | 8.27%-9.1pp | 4.54%-5.4pp |
| Employer contribution / active EE | $396 | $1,607-75.4% | $2,278-82.6% | $1,882-79.0% |
| Participant deferral / active EE | $1,218 | $2,688-54.7% | $3,382-64.0% | $3,022-59.7% |
| Admin fee / account holder | $45 | $461-90.3% | $5,275-99.2% | $592-92.5% |