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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $678 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $7,051 | $51,769-86.4% | $57,356-87.7% | $52,331-86.5% |
| Participation rate | 53.6% | 75.2%-21.6pp | 75.1%-21.5pp | 68.1%-14.5pp |
| Annual return | -1.65% | 2.43%-4.1pp | 24.41%-26.1pp | 4.54%-6.2pp |
| Employer contribution / active EE | $442 | $2,335-81.1% | $2,689-83.6% | $1,882-76.5% |
| Participant deferral / active EE | $1,220 | $2,794-56.3% | $3,162-61.4% | $3,022-59.6% |
| Admin fee / account holder | $10 | $295-96.7% | $3,357-99.7% | $592-98.4% |