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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 | $36,296 |
KOVACK SECURITIES INC3+ years Filed as: KOVACK ADVISORS, INC Service code 26 6451 N FEDERAL HIGHWAY · FT LAUDERDALE, FL 33308 | Advisory (Participants) | $35,660 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $40,098 | $46,464-13.7% | $150,298-73.3% | $79,634-49.6% |
| Participation rate | 87.8% | 57.0%+30.9pp | 77.8%+10.0pp | 62.5%+25.3pp |
| Annual return | 15.62% | 27.89%-12.3pp | 62.79%-47.2pp | 36.46%-20.8pp |
| Employer contribution / active EE | $1,914 | $1,512+26.6% | $4,154-53.9% | $2,529-24.3% |
| Participant deferral / active EE | $3,950 | $2,157+83.1% | $5,453-27.6% | $3,835+3.0% |
| Admin fee / account holder | $135 | $891-84.8% | $14,116-99.0% | $1,002-86.5% |