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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC3 years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $83,510 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $217,601 | $137,414+58.4% | $189,545+14.8% | $85,851+153.5% |
| Participation rate | 82.8% | 84.6%-1.9pp | 87.8%-5.0pp | 69.3%+13.4pp |
| Annual return | 16.43% | 38.14%-21.7pp | 555.36%-538.9pp | 318.63%-302.2pp |
| Employer contribution / active EE | $1,720 | $4,344-60.4% | $6,162-72.1% | $2,565-32.9% |
| Participant deferral / active EE | $13,447 | $6,260+114.8% | $8,220+63.6% | $3,952+240.2% |
| Admin fee / account holder | $588 | $8,630-93.2% | $12,049-95.1% | $6,261-90.6% |