Filed December 18, 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.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $11,808 |
Service code 15 1300 SW 5TH AVENUE, SUITE 2100 · PORTLAND, OR 97201 | Recordkeeping | $9,131 |
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.
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 | $13,935 | $50,199-72.2% | $70,092-80.1% | $66,914-79.2% |
| Participation rate | 51.0% | 66.3%-15.4pp | 70.5%-19.5pp | 69.8%-18.8pp |
| Annual return | -18.04% | -13.85%-4.2pp | 190.73%-208.8pp | 1.58%-19.6pp |
| Employer contribution / active EE | $1,197 | $1,864-35.8% | $2,559-53.2% | $2,544-52.9% |
| Participant deferral / active EE | $2,052 | $3,112-34.1% | $3,849-46.7% | $4,237-51.6% |
| Admin fee / account holder | $222 | $600-63.0% | $6,267-96.5% | $593-62.6% |