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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) | $64,549 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $193,034 | $123,793+55.9% | $177,848+8.5% | $79,856+141.7% |
| Participation rate | 88.9% | 84.7%+4.2pp | 87.7%+1.2pp | 69.6%+19.2pp |
| Annual return | 12.97% | 22.82%-9.8pp | 48.33%-35.4pp | 31.71%-18.7pp |
| Employer contribution / active EE | $2,060 | $4,095-49.7% | $5,919-65.2% | $2,471-16.6% |
| Participant deferral / active EE | $15,447 | $5,956+159.3% | $7,714+100.3% | $3,741+313.0% |
| Admin fee / account holder | $478 | $7,243-93.4% | $12,431-96.2% | $5,306-91.0% |