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.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $15,294 |
Service code 15 1300 SW 5TH AVENUE, SUITE 2100 · PORTLAND, OR 97201 | Recordkeeping | $9,028 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,687 | $56,423-65.1% | $77,163-74.5% | $71,457-72.4% |
| Participation rate | 47.2% | 64.3%-17.1pp | 69.6%-22.4pp | 67.9%-20.7pp |
| Annual return | 21.56% | 19.05%+2.5pp | 37.87%-16.3pp | 28.85%-7.3pp |
| Employer contribution / active EE | $1,218 | $1,866-34.7% | $2,535-51.9% | $2,588-52.9% |
| Participant deferral / active EE | $2,360 | $3,142-24.9% | $3,833-38.4% | $4,289-45.0% |
| Admin fee / account holder | $128 | $1,429-91.0% | $5,472-97.7% | $1,587-91.9% |