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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Filed as: PAYCHEX INC. Service code 27 1175 JOHN ST · WEST HENRIETTA, NY 14586 | Advisory (Plan) | $19,110 |
Filed as: JOHN HANCOCK LIFE INS. CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $15,264 |
SEBS1 year Service code 12 1175 JOHN ST · WEST HENRIETTA, NY 14586 | Claims processing | $675 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $98,007 | $99,957-2.0% | $149,745-34.6% | $73,497+33.3% |
| Participation rate | 21.4% | 75.7%-54.3pp | 82.5%-61.1pp | 70.7%-49.3pp |
| Annual return | 17.88% | 53.87%-36.0pp | 276.72%-258.8pp | 28.51%-10.6pp |
| Employer contribution / active EE | $897 | $3,191-71.9% | $4,646-80.7% | $2,270-60.5% |
| Participant deferral / active EE | $2,011 | $6,073-66.9% | $6,843-70.6% | $3,740-46.2% |
| Admin fee / account holder | $730 | $551+32.6% | $9,312-92.2% | $513+42.3% |