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.4+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $14,958 |
Service code 27 | Advisory (Plan) | $8,870 |
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.
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).
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 | $20,340 | $75,388-73.0% | $123,544-83.5% | $55,725-63.5% |
| Participation rate | 48.6% | 75.7%-27.1pp | 82.3%-33.7pp | 70.9%-22.3pp |
| Annual return | 4.36% | 4.48%-0.1pp | 119.20%-114.8pp | 244.93%-240.6pp |
| Employer contribution / active EE | $526 | $3,063-82.8% | $4,628-88.6% | $2,078-74.7% |
| Participant deferral / active EE | $2,912 | $5,651-48.5% | $6,426-54.7% | $3,356-13.2% |
| Admin fee / account holder | $98 | $120-18.5% | $9,284-98.9% | $115-15.3% |