Filed December 29, 2015
Total covered: 3 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 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $7,468 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $24,855 | $59,186-58.0% | $76,768-67.6% | $56,287-55.8% |
| Participation rate | 67.3% | 75.2%-7.9pp | 77.0%-9.7pp | 69.9%-2.6pp |
| Annual return | -9.04% | 6.62%-15.7pp | 2.43%-11.5pp | -9.96%+0.9pp |
| Employer contribution / active EE | $1,413 | $1,759-19.6% | $2,485-43.1% | $2,111-33.1% |
| Participant deferral / active EE | $2,119 | $3,255-34.9% | $3,852-45.0% | $3,350-36.8% |
| Admin fee / account holder | $55 | $489-88.8% | $6,675-99.2% | $521-89.5% |