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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 | $8,785 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $15,208 | $102,393-85.1% | $147,041-89.7% | $80,911-81.2% |
| Participation rate | 93.1% | 75.9%+17.2pp | 82.2%+10.9pp | 67.6%+25.5pp |
| Annual return | 21.86% | 134.95%-113.1pp | 419.21%-397.3pp | 35.63%-13.8pp |
| Employer contribution / active EE | $0 | $3,715-100.0% | $4,935-100.0% | $2,756-100.0% |
| Participant deferral / active EE | $4,581 | $6,647-31.1% | $8,071-43.2% | $4,297+6.6% |
| Admin fee / account holder | $70 | $7,943-99.1% | $13,006-99.5% | $6,935-99.0% |