Filed January 7, 2022 (most recent of 3 filings on file)
Total covered: 4 employees
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 | $8,007 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $6,190 | $55,453-88.8% | $170,442-96.4% | $62,292-90.1% |
| Participation rate | 55.7% | 66.4%-10.7pp | 83.6%-27.9pp | 69.5%-13.8pp |
| Annual return | 20.45% | 21.38%-0.9pp | 205.93%-185.5pp | 28.90%-8.4pp |
| Employer contribution / active EE | $622 | $2,164-71.2% | $5,433-88.5% | $2,042-69.5% |
| Participant deferral / active EE | $976 | $2,303-57.6% | $4,939-80.2% | $3,169-69.2% |
| Admin fee / account holder | $54 | $455-88.1% | $13,880-99.6% | $479-88.7% |