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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC3 years Service code 15 · EIN 47-4872674 61 WEST 23RD STREET · NEW YORK, NY 10010 | Recordkeeping | $52,794 |
ASCENSUS LLC3 years Filed as: DWC ERISA CONSULTANTS Service code 13 13110 DANUBE LANE · ROSEMOUNT, MN 55068 | Contract Administrator | $5,719 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,158 | $100,801-73.1% | $149,715-81.9% | $73,412-63.0% |
| Participation rate | 95.9% | 77.7%+18.2pp | 82.5%+13.5pp | 72.2%+23.8pp |
| Annual return | 22.85% | 265.34%-242.5pp | 276.66%-253.8pp | 59.30%-36.4pp |
| Employer contribution / active EE | $0 | $3,312-100.0% | $4,645-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $10,331 | $6,404+61.3% | $6,842+51.0% | $3,806+171.5% |
| Admin fee / account holder | $116 | $181-35.6% | $9,310-98.7% | $158-26.3% |