Filed October 8, 2019
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 5-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 | $5,247 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,540 | $84,487-84.0% | $125,339-89.2% | $66,914-79.8% |
| Participation rate | 99.1% | 76.4%+22.7pp | 82.4%+16.8pp | 69.8%+29.3pp |
| Annual return | -6.07% | -8.39%+2.3pp | 572.05%-578.1pp | 1.58%-7.7pp |
| Employer contribution / active EE | $1,303 | $3,553-63.3% | $4,814-72.9% | $2,544-48.8% |
| Participant deferral / active EE | $2,193 | $6,781-67.7% | $7,446-70.5% | $4,237-48.2% |
| Admin fee / account holder | $59 | $685-91.4% | $10,010-99.4% | $593-90.1% |