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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $1,560 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,348 | $46,745-95.0% | $60,547-96.1% | $52,331-95.5% |
| Participation rate | 90.8% | 58.6%+32.2pp | 68.0%+22.8pp | 68.1%+22.7pp |
| Annual return | 0.93% | 0.61%+0.3pp | 335.64%-334.7pp | 4.54%-3.6pp |
| Employer contribution / active EE | $0 | $1,259-100.0% | $2,419-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,284 | $2,145-40.1% | $3,328-61.4% | $3,022-57.5% |
| Admin fee / account holder | $8 | $537-98.5% | $4,536-99.8% | $592-98.6% |