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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.10+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $10,356 |
Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 26 · EIN 59-1199408 225 MEMORY LANE · SANTA ANA, CA 92705 | Advisory (Participants) | $7,513 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,575 | $92,186-90.7% | $105,624-91.9% | $77,762-89.0% |
| Participation rate | 52.7% | 81.0%-28.4pp | 75.3%-22.6pp | 70.6%-17.9pp |
| Annual return | 11.66% | 17.83%-6.2pp | 116.20%-104.5pp | 31.27%-19.6pp |
| Employer contribution / active EE | $0 | $3,376-100.0% | $3,168-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $1,192 | $5,395-77.9% | $5,013-76.2% | $4,651-74.4% |
| Admin fee / account holder | $51 | $219-76.8% | $10,961-99.5% | $433-88.3% |