Filed June 7, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC8 years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $211,342 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,791 | $122,186-63.3% | $146,958-69.5% | $199,593-77.6% |
| Participation rate | 31.6% | 78.3%-46.6pp | 82.2%-50.5pp | 72.0%-40.3pp |
| Annual return | 15.49% | 30.56%-15.1pp | 418.34%-402.8pp | 34.25%-18.8pp |
| Employer contribution / active EE | $1,212 | $4,093-70.4% | $4,933-75.4% | $3,034-60.1% |
| Participant deferral / active EE | $2,619 | $8,502-69.2% | $8,070-67.6% | $5,087-48.5% |
| Admin fee / account holder | $99 | $179-44.9% | $12,998-99.2% | $269-63.3% |