See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $6,089 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,401 | $43,717-69.3% | $81,478-83.6% | $77,958-82.8% |
| Participation rate | 5.9% | 42.5%-36.6pp | 68.0%-62.0pp | 71.6%-65.7pp |
| Annual return | 18.21% | 23.83%-5.6pp | 38.78%-20.6pp | 20.87%-2.7pp |
| Employer contribution / active EE | $81 | $919-91.2% | $2,568-96.9% | $2,310-96.5% |
| Participant deferral / active EE | $123 | $1,783-93.1% | $3,537-96.5% | $3,537-96.5% |
| Admin fee / account holder | $125 | $108+16.1% | $4,561-97.3% | $97+28.6% |