Filed March 14, 2023
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.10+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $18,962 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,142 | $79,171-43.0% | $102,423-55.9% | $74,495-39.4% |
| Participation rate | 63.4% | 74.8%-11.4pp | 76.5%-13.0pp | 67.2%-3.8pp |
| Annual return | 11.42% | 54.93%-43.5pp | 29.32%-17.9pp | 1364.94%-1353.5pp |
| Employer contribution / active EE | $1,529 | $2,362-35.3% | $3,023-49.4% | $2,623-41.7% |
| Participant deferral / active EE | $2,906 | $4,415-34.2% | $5,053-42.5% | $4,346-33.1% |
| Admin fee / account holder | $112 | $2,001-94.4% | $9,451-98.8% | $1,942-94.3% |