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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $1,521 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $37,909 | $65,263-41.9% | $90,223-58.0% | $55,191-31.3% |
| Participation rate | 40.6% | 79.0%-38.4pp | 79.0%-38.4pp | 69.2%-28.6pp |
| Annual return | 7.06% | 2.81%+4.2pp | 1.31%+5.7pp | 10.78%-3.7pp |
| Employer contribution / active EE | $1,336 | $4,153-67.8% | $4,378-69.5% | $1,899-29.6% |
| Participant deferral / active EE | $2,168 | $5,564-61.0% | $5,792-62.6% | $3,046-28.8% |
| Admin fee / account holder | $19 | $116-83.2% | $7,406-99.7% | $91-78.6% |