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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $8,706 |
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.
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 | $6,503 | $37,196-82.5% | $154,108-95.8% | $55,725-88.3% |
| Participation rate | 53.1% | 64.1%-11.0pp | 83.0%-29.9pp | 70.9%-17.7pp |
| Annual return | -5.63% | 1319.68%-1325.3pp | 735.21%-740.8pp | 244.93%-250.6pp |
| Employer contribution / active EE | $173 | $1,614-89.3% | $5,298-96.7% | $2,078-91.7% |
| Participant deferral / active EE | $665 | $2,068-67.9% | $5,081-86.9% | $3,356-80.2% |
| Admin fee / account holder | $78 | $102-23.0% | $13,411-99.4% | $115-32.1% |