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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC4 years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $78,549 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $162,644 | $102,661+58.4% | $151,645+7.3% | $66,949+142.9% |
| Participation rate | 0.0% | 85.5%-85.5pp | 87.5%-87.5pp | 69.8%-69.8pp |
| Annual return | -14.46% | -10.81%-3.6pp | 3.34%-17.8pp | 1.57%-16.0pp |
| Employer contribution / active EE | $1,785 | $4,184-57.3% | $6,165-71.1% | $2,545-29.9% |
| Participant deferral / active EE | $12,827 | $6,645+93.0% | $8,363+53.4% | $4,239+202.6% |
| Admin fee / account holder | $494 | $630-21.6% | $11,614-95.7% | $594-16.8% |