See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 5-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $27,362 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,263 | $106,028-72.4% | $146,958-80.1% | $77,643-62.3% |
| Participation rate | 47.9% | 78.4%-30.5pp | 82.2%-34.3pp | 70.6%-22.7pp |
| Annual return | 19.19% | 56.73%-37.5pp | 418.34%-399.1pp | 31.24%-12.0pp |
| Employer contribution / active EE | $1,334 | $4,063-67.2% | $4,933-73.0% | $2,726-51.1% |
| Participant deferral / active EE | $2,501 | $7,990-68.7% | $8,070-69.0% | $4,647-46.2% |
| Admin fee / account holder | $107 | $337-68.3% | $12,998-99.2% | $430-75.2% |