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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC7 years Service code 15 · EIN 47-4872674 61 WEST 23RD STREET · NEW YORK, NY 10010 | Recordkeeping | $67,738 |
ASCENSUS LLC7 years Filed as: DWC ERISA CONSULTANTS Service code 13 P.O. BOX 241267 · ST. PAUL, MN 55124 | Contract Administrator | $21,800 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,057 | $92,186-69.6% | $105,624-73.4% | $77,762-63.9% |
| Participation rate | 66.8% | 81.0%-14.2pp | 75.3%-8.4pp | 70.6%-3.8pp |
| Annual return | 11.99% | 17.83%-5.8pp | 116.20%-104.2pp | 31.27%-19.3pp |
| Employer contribution / active EE | $1,455 | $3,376-56.9% | $3,168-54.1% | $2,728-46.6% |
| Participant deferral / active EE | $1,995 | $5,395-63.0% | $5,013-60.2% | $4,651-57.1% |
| Admin fee / account holder | $139 | $219-36.3% | $10,961-98.7% | $433-67.8% |