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.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $7,134 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $20,591 | $65,376-68.5% | $87,100-76.4% | $65,185-68.4% |
| Participation rate | 78.7% | 75.3%+3.3pp | 76.9%+1.8pp | 70.2%+8.5pp |
| Annual return | 21.81% | 31.27%-9.5pp | 28.19%-6.4pp | 29.38%-7.6pp |
| Employer contribution / active EE | $790 | $1,822-56.6% | $2,521-68.7% | $2,177-63.7% |
| Participant deferral / active EE | $2,390 | $3,388-29.5% | $4,049-41.0% | $3,514-32.0% |
| Admin fee / account holder | $37 | $520-92.8% | $7,497-99.5% | $847-95.6% |