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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $7,830 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $10,664 | $50,898-79.0% | $171,082-93.8% | $55,167-80.7% |
| Participation rate | 26.5% | 63.3%-36.8pp | 76.7%-50.2pp | 69.0%-42.5pp |
| Annual return | 8.14% | 15.34%-7.2pp | 32.56%-24.4pp | 169.23%-161.1pp |
| Employer contribution / active EE | $325 | $1,433-77.4% | $4,002-91.9% | $1,963-83.5% |
| Participant deferral / active EE | $680 | $2,994-77.3% | $4,797-85.8% | $3,054-77.7% |
| Admin fee / account holder | $132 | $500-73.5% | $8,520-98.4% | $504-73.7% |