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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) | $14,784 |
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 | $30,658 | $79,209-61.3% | $102,434-70.1% | $74,459-58.8% |
| Participation rate | 88.2% | 74.8%+13.4pp | 76.5%+11.7pp | 67.2%+21.0pp |
| Annual return | 12.01% | 54.98%-43.0pp | 29.46%-17.4pp | 1369.70%-1357.7pp |
| Employer contribution / active EE | $1,137 | $2,362-51.9% | $3,023-62.4% | $2,626-56.7% |
| Participant deferral / active EE | $3,905 | $4,417-11.6% | $5,055-22.7% | $4,350-10.2% |
| Admin fee / account holder | $79 | $2,002-96.1% | $9,462-99.2% | $1,945-96.0% |