Filed December 18, 2023
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $11,388 |
Filed as: PHILLIPS AND COMPANY ADVISORS Service code 15 521 SW 11TH AVE · PORTLAND, OR 97205 | Recordkeeping | $10,182 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,174 | $59,584-74.5% | $86,874-82.5% | $79,386-80.9% |
| Participation rate | 66.2% | 67.7%-1.5pp | 71.6%-5.5pp | 70.7%-4.5pp |
| Annual return | 21.83% | 23.15%-1.3pp | 63.52%-41.7pp | 116.85%-95.0pp |
| Employer contribution / active EE | $943 | $1,768-46.7% | $2,495-62.2% | $2,427-61.2% |
| Participant deferral / active EE | $1,987 | $3,036-34.6% | $3,699-46.3% | $4,046-50.9% |
| Admin fee / account holder | $112 | $604-81.4% | $5,828-98.1% | $626-82.1% |