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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BETTERMENT HOLDINGS, INC. Service code 64 8 W 24TH STREET · NEW YORK, NY 10010 | Recordkeeping Fees | $18,958 |
ASCENSUS LLC1 year Filed as: DWC ERISA CONSULTANTS LLC Service code 13 13110 DANUBE LANE · ROSEMOUNT, MN 55068 | Contract Administrator | $2,482 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $29,521 | $84,493-65.1% | $125,381-76.5% | $66,938-55.9% |
| Participation rate | 87.6% | 76.4%+11.2pp | 82.4%+5.2pp | 69.8%+17.8pp |
| Annual return | -10.52% | -8.49%-2.0pp | 572.31%-582.8pp | 1.58%-12.1pp |
| Employer contribution / active EE | $2,639 | $3,554-25.7% | $4,815-45.2% | $2,545+3.7% |
| Participant deferral / active EE | $4,220 | $6,783-37.8% | $7,448-43.3% | $4,238-0.4% |
| Admin fee / account holder | $162 | $685-76.3% | $10,007-98.4% | $594-72.7% |