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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC7 years Filed as: BETTERMENT FOR BUSINESS Service code 15 · EIN 54-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Recordkeeping | $58,757 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,685 | $54,558+51.6% | $76,051+8.7% | $74,400+11.1% |
| Participation rate | 0.0% | 60.3%-60.3pp | 69.1%-69.1pp | 67.2%-67.2pp |
| Annual return | 14.51% | 31.83%-17.3pp | 360.42%-345.9pp | 1367.51%-1353.0pp |
| Employer contribution / active EE | $0 | $1,778-100.0% | $2,690-100.0% | $2,624-100.0% |
| Participant deferral / active EE | $11,120 | $3,065+262.8% | $4,257+161.2% | $4,348+155.7% |
| Admin fee / account holder | $423 | $2,232-81.1% | $6,416-93.4% | $1,944-78.3% |