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 3-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.2+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $36,285 |
ERISA FIDUCIARY SERVICES, INC.2+ years Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788 | Contract Administrator | $17,365 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,022 | $50,127-96.0% | $149,673-98.6% | $80,160-97.5% |
| Participation rate | 66.0% | 64.3%+1.7pp | 78.8%-12.8pp | 72.9%-6.9pp |
| Annual return | 24.38% | 29.82%-5.4pp | 134.42%-110.0pp | 40.38%-16.0pp |
| Employer contribution / active EE | $444 | $1,865-76.2% | $4,818-90.8% | $2,978-85.1% |
| Participant deferral / active EE | $616 | $3,194-80.7% | $5,680-89.2% | $5,017-87.7% |
| Admin fee / account holder | $32 | $153-79.2% | $13,210-99.8% | $145-78.1% |