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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC6+ years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $61,516 |
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 | $8,560 | $48,744-82.4% | $93,696-90.9% | $199,960-95.7% |
| Participation rate | 55.0% | 63.7%-8.7pp | 68.7%-13.7pp | 72.0%-17.0pp |
| Annual return | 16.59% | 15.36%+1.2pp | 133.74%-117.2pp | 34.28%-17.7pp |
| Employer contribution / active EE | $0 | $1,140-100.0% | $2,422-100.0% | $3,036-100.0% |
| Participant deferral / active EE | $1,667 | $2,825-41.0% | $4,417-62.3% | $5,087-67.2% |
| Admin fee / account holder | $29 | $195-85.3% | $8,287-99.7% | $269-89.4% |