Filed October 10, 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 9-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 |
|---|---|---|
Service code 15 | Recordkeeping | $38,141 |
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $12,896 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,020 | $71,142-24.1% | $119,609-54.8% | $64,808-16.6% |
| Participation rate | 62.9% | 78.6%-15.7pp | 79.3%-16.4pp | 71.5%-8.6pp |
| Annual return | -17.83% | -10.01%-7.8pp | -14.97%-2.9pp | 32.82%-50.6pp |
| Employer contribution / active EE | $2,024 | $2,497-18.9% | $4,232-52.2% | $2,506-19.2% |
| Participant deferral / active EE | $3,686 | $4,490-17.9% | $5,602-34.2% | $4,310-14.5% |
| Admin fee / account holder | $260 | $162+60.6% | $10,323-97.5% | $188+38.7% |