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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.6 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $20,638 |
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 | $8,830 | $59,054-85.0% | $97,260-90.9% | $77,736-88.6% |
| Participation rate | 63.7% | 67.9%-4.2pp | 72.7%-8.9pp | 70.6%-6.9pp |
| Annual return | 16.89% | 16.96%-0.1pp | 75.54%-58.6pp | 31.26%-14.4pp |
| Employer contribution / active EE | $345 | $1,742-80.2% | $2,721-87.3% | $2,728-87.3% |
| Participant deferral / active EE | $2,053 | $3,930-47.8% | $4,262-51.8% | $4,651-55.9% |
| Admin fee / account holder | $57 | $346-83.5% | $5,640-99.0% | $433-86.8% |