Filed December 2, 2024
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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 | $5,772 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $4,638 | $43,133-89.2% | $89,414-94.8% | $73,493-93.7% |
| Participation rate | 86.1% | 55.0%+31.1pp | 68.0%+18.1pp | 70.7%+15.4pp |
| Annual return | 35.91% | 135.66%-99.7pp | 245.50%-209.6pp | 28.51%+7.4pp |
| Employer contribution / active EE | $1,259 | $1,438-12.5% | $2,586-51.3% | $2,270-44.6% |
| Participant deferral / active EE | $2,505 | $2,445+2.5% | $3,890-35.6% | $3,740-33.0% |
| Admin fee / account holder | $23 | $444-94.7% | $4,883-99.5% | $513-95.4% |