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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $15,667 |
THE WATERFORD GROUP LLC3 years Filed as: THE WATERFORD GROUP Service code 26 1657 EAST AVE. · ROCHESTER, NY 14610 | Advisory (Participants) | $13,776 |
401K GENERATION3 years Service code 13 · EIN 26-4477125 237 S. WESTMONTE AVE · ALTAMONTE SPRINGS, FL 32714 | Contract Administrator | $9,817 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,369 | $83,023-76.7% | $102,437-81.1% | $77,762-75.1% |
| Participation rate | 42.4% | 71.5%-29.2pp | 74.5%-32.1pp | 70.6%-28.2pp |
| Annual return | 19.37% | 19.12%+0.3pp | 24.95%-5.6pp | 31.27%-11.9pp |
| Employer contribution / active EE | $741 | $3,552-79.2% | $3,871-80.9% | $2,728-72.9% |
| Participant deferral / active EE | $1,602 | $4,110-61.0% | $5,060-68.3% | $4,651-65.6% |
| Admin fee / account holder | $214 | $639-66.5% | $8,388-97.4% | $433-50.6% |