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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $26,688 |
PAYCHEX, INC.8+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $5,556 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,746 | $34,634-45.9% | $77,100-75.7% | $64,824-71.1% |
| Participation rate | 21.6% | 49.8%-28.3pp | 67.9%-46.4pp | 71.5%-49.9pp |
| Annual return | -13.47% | -5.31%-8.2pp | 42.35%-55.8pp | 32.84%-46.3pp |
| Employer contribution / active EE | $0 | $1,385-100.0% | $2,815-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $2,831 | $2,553+10.9% | $4,430-36.1% | $4,311-34.3% |
| Admin fee / account holder | $109 | $178-38.8% | $5,443-98.0% | $188-41.9% |