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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 | $7,952 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,094 | $50,919-93.9% | $155,556-98.0% | $77,762-96.0% |
| Participation rate | 53.9% | 63.1%-9.2pp | 78.2%-24.4pp | 70.6%-16.7pp |
| Annual return | 15.33% | 34.84%-19.5pp | 64.84%-49.5pp | 31.27%-15.9pp |
| Employer contribution / active EE | $79 | $1,991-96.0% | $4,675-98.3% | $2,728-97.1% |
| Participant deferral / active EE | $1,156 | $2,824-59.1% | $5,631-79.5% | $4,651-75.1% |
| Admin fee / account holder | $18 | $437-95.9% | $15,885-99.9% | $433-95.9% |