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 9-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 Filed as: PAYCHEX INC. Service code 15 · EIN 16-1124166 | Recordkeeping | $10,412 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $5,651 | $50,458-88.8% | $159,960-96.5% | $64,808-91.3% |
| Participation rate | 48.9% | 68.0%-19.1pp | 78.0%-29.0pp | 71.5%-22.5pp |
| Annual return | -13.82% | -13.42%-0.4pp | 408.60%-422.4pp | 32.82%-46.6pp |
| Employer contribution / active EE | $0 | $1,722-100.0% | $4,226-100.0% | $2,506-100.0% |
| Participant deferral / active EE | $524 | $4,004-86.9% | $6,182-91.5% | $4,310-87.9% |
| Admin fee / account holder | $63 | $706-91.0% | $8,698-99.3% | $188-66.3% |