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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 | $9,807 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,272 | $73,102-35.3% | $123,553-61.7% | $56,289-16.0% |
| Participation rate | 95.2% | 74.3%+20.9pp | 82.3%+12.9pp | 69.9%+25.3pp |
| Annual return | -5.70% | 3.01%-8.7pp | 119.21%-124.9pp | -9.96%+4.3pp |
| Employer contribution / active EE | $2,802 | $2,977-5.9% | $4,628-39.5% | $2,111+32.7% |
| Participant deferral / active EE | $6,241 | $5,423+15.1% | $6,426-2.9% | $3,350+86.3% |
| Admin fee / account holder | $2,141 | $554+286.7% | $9,284-76.9% | $521+311.0% |