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 7-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 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Contract Administrator | $13,454 |
Filed as: ERISA FIDUCIARY SERVICES INC. Service code 13 · EIN 47-1637791 1800 WALT WHITMAN ROAD · MELVILLE, NY 117473237 | Contract Administrator | $5,381 |
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).
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 | $7,736 | $51,447-85.0% | $104,607-92.6% | $73,409-89.5% |
| Participation rate | 62.7% | 68.2%-5.5pp | 74.1%-11.4pp | 72.2%-9.5pp |
| Annual return | 27.00% | 25.06%+1.9pp | 340.46%-313.5pp | 59.29%-32.3pp |
| Employer contribution / active EE | $289 | $1,441-79.9% | $2,681-89.2% | $2,234-87.1% |
| Participant deferral / active EE | $2,131 | $3,058-30.3% | $3,740-43.0% | $3,805-44.0% |
| Admin fee / account holder | $69 | $122-43.6% | $6,473-98.9% | $158-56.4% |