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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 | $5,713 |
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 | $39,215 | $37,446+4.7% | $77,552-49.4% | $79,856-50.9% |
| Participation rate | 51.0% | 41.5%+9.5pp | 54.2%-3.2pp | 69.6%-18.7pp |
| Annual return | 15.95% | 39.76%-23.8pp | 54.82%-38.9pp | 31.71%-15.8pp |
| Employer contribution / active EE | $1,717 | $637+169.5% | $987+74.0% | $2,471-30.5% |
| Participant deferral / active EE | $3,096 | $1,261+145.6% | $1,861+66.4% | $3,741-17.2% |
| Admin fee / account holder | $108 | $2,506-95.7% | $2,859-96.2% | $5,306-98.0% |