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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $2,476 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $17,026 | $39,245-56.6% | $64,105-73.4% | $52,331-67.5% |
| Participation rate | 16.1% | 58.2%-42.1pp | 68.2%-52.0pp | 68.1%-52.0pp |
| Annual return | -1.64% | 14.79%-16.4pp | 791.24%-792.9pp | 4.54%-6.2pp |
| Employer contribution / active EE | $0 | $736-100.0% | $1,820-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $509 | $1,992-74.4% | $2,822-82.0% | $3,022-83.2% |
| Admin fee / account holder | $161 | $592-72.8% | $4,499-96.4% | $592-72.8% |