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+ years Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $5,658 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,797 | $77,634-74.5% | $156,549-87.4% | $62,891-68.5% |
| Participation rate | 34.8% | 71.2%-36.4pp | 84.0%-49.2pp | 69.3%-34.5pp |
| Annual return | 8.26% | 50.32%-42.1pp | 32.23%-24.0pp | 20.14%-11.9pp |
| Employer contribution / active EE | $414 | $3,444-88.0% | $5,501-92.5% | $2,281-81.9% |
| Participant deferral / active EE | $708 | $3,045-76.8% | $4,871-85.5% | $3,203-77.9% |
| Admin fee / account holder | $1,186 | $5,561-78.7% | $13,027-90.9% | $4,296-72.4% |