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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) | $41,710 |
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,708 | $56,152-63.1% | $185,835-88.9% | $73,412-71.8% |
| Participation rate | 92.9% | 67.6%+25.3pp | 78.0%+14.9pp | 72.2%+20.7pp |
| Annual return | 17.83% | 17.59%+0.2pp | 35.96%-18.1pp | 59.30%-41.5pp |
| Employer contribution / active EE | $0 | $1,532-100.0% | $4,087-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $8,329 | $3,659+127.6% | $5,633+47.9% | $3,806+118.9% |
| Admin fee / account holder | $92 | $132-30.0% | $9,502-99.0% | $158-41.4% |