Filed October 20, 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 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 | Recordkeeping | $4,958 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $14,130 | $34,492-59.0% | $80,004-82.3% | $55,191-74.4% |
| Participation rate | 45.6% | 62.9%-17.2pp | 73.0%-27.4pp | 69.2%-23.5pp |
| Annual return | -0.54% | 3.50%-4.0pp | 7.63%-8.2pp | 10.78%-11.3pp |
| Employer contribution / active EE | $357 | $1,043-65.8% | $2,473-85.6% | $1,899-81.2% |
| Participant deferral / active EE | $967 | $2,104-54.1% | $3,204-69.8% | $3,046-68.3% |
| Admin fee / account holder | $99 | $69+42.5% | $5,033-98.0% | $91+8.9% |