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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC4 years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $31,751 |
Employer contribution per participant 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,915 | $331,159-88.6% | $112,899-66.4% | $74,460-49.1% |
| Participation rate | 95.5% | 81.4%+14.1pp | 80.5%+14.9pp | 70.7%+24.7pp |
| Annual return | 23.96% | 21.62%+2.3pp | 34.11%-10.2pp | 34.38%-10.4pp |
| Employer contribution / active EE | $0 | $5,469-100.0% | $4,566-100.0% | $2,638-100.0% |
| Participant deferral / active EE | $14,773 | $8,097+82.5% | $6,516+126.7% | $4,530+226.1% |
| Admin fee / account holder | $80 | $281-71.7% | $7,047-98.9% | $348-77.1% |