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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 | $15,987 |
Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788 | Contract Administrator | $6,425 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $12,895 | $65,960-80.5% | $81,882-84.3% | $77,762-83.4% |
| Participation rate | 30.6% | 65.8%-35.1pp | 72.4%-41.8pp | 70.6%-40.0pp |
| Annual return | 18.64% | 26.64%-8.0pp | 779.47%-760.8pp | 31.27%-12.6pp |
| Employer contribution / active EE | $602 | $2,375-74.7% | $2,916-79.4% | $2,728-77.9% |
| Participant deferral / active EE | $1,635 | $3,505-53.4% | $4,323-62.2% | $4,651-64.8% |
| Admin fee / account holder | $116 | $526-78.1% | $7,360-98.4% | $433-73.3% |