Filed July 5, 2023
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, LLC2 years Service code 15 61 W 23RD ST FL 4 · NEW YORK, NY 10010 | Recordkeeping | $29,661 |
Annual investment return 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 declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,605 | $73,102-74.5% | $123,544-84.9% | $56,287-66.9% |
| Participation rate | 92.2% | 74.3%+17.9pp | 82.3%+9.9pp | 69.9%+22.4pp |
| Annual return | -9.28% | 3.01%-12.3pp | 119.20%-128.5pp | -9.96%+0.7pp |
| Employer contribution / active EE | $2,678 | $2,977-10.1% | $4,628-42.1% | $2,111+26.8% |
| Participant deferral / active EE | $7,850 | $5,423+44.8% | $6,426+22.2% | $3,350+134.4% |
| Admin fee / account holder | $102 | $554-81.6% | $9,284-98.9% | $521-80.4% |