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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC2 years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $11,012 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,289 | $54,213-62.6% | $93,696-78.3% | $77,736-73.9% |
| Participation rate | 48.9% | 64.0%-15.1pp | 68.7%-19.9pp | 70.6%-21.7pp |
| Annual return | 16.04% | 30.55%-14.5pp | 133.74%-117.7pp | 31.26%-15.2pp |
| Employer contribution / active EE | $1,587 | $1,168+35.9% | $2,422-34.5% | $2,728-41.8% |
| Participant deferral / active EE | $3,202 | $3,145+1.8% | $4,417-27.5% | $4,651-31.2% |
| Admin fee / account holder | $33 | $575-94.2% | $8,287-99.6% | $433-92.3% |