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, LLC3 years Service code 27 61 W 23RD ST FL 4 · NEW YORK, NY 10010 | Advisory (Plan) | $47,531 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $23,466 | $88,122-73.4% | $141,162-83.4% | $67,579-65.3% |
| Participation rate | 94.8% | 76.5%+18.3pp | 82.5%+12.3pp | 71.3%+23.5pp |
| Annual return | 36.73% | 75.40%-38.7pp | 71.39%-34.7pp | 378.56%-341.8pp |
| Employer contribution / active EE | $8,273 | $3,224+156.6% | $4,735+74.7% | $2,148+285.2% |
| Participant deferral / active EE | $2,799 | $5,958-53.0% | $6,709-58.3% | $3,539-20.9% |
| Admin fee / account holder | $105 | $131-19.8% | $10,261-99.0% | $142-26.3% |