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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) | $7,543 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $22,424 | $84,499-73.5% | $125,391-82.1% | $66,949-66.5% |
| Participation rate | 48.8% | 76.4%-27.7pp | 82.4%-33.6pp | 69.8%-21.1pp |
| Annual return | -8.64% | -8.49%-0.1pp | 572.41%-581.1pp | 1.57%-10.2pp |
| Employer contribution / active EE | $0 | $3,554-100.0% | $4,816-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $3,986 | $6,785-41.2% | $7,448-46.5% | $4,239-6.0% |
| Admin fee / account holder | $55 | $685-91.9% | $10,009-99.4% | $594-90.7% |