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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC5 years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $83,034 |
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 | $175,537 | $130,294+34.7% | $170,057+3.2% | $71,529+145.4% |
| Participation rate | 85.5% | 86.2%-0.7pp | 87.0%-1.5pp | 67.9%+17.5pp |
| Annual return | 17.24% | 20.36%-3.1pp | 53.42%-36.2pp | 28.97%-11.7pp |
| Employer contribution / active EE | $1,920 | $4,385-56.2% | $6,790-71.7% | $2,590-25.9% |
| Participant deferral / active EE | $14,920 | $6,928+115.4% | $10,411+43.3% | $4,291+247.7% |
| Admin fee / account holder | $464 | $966-52.0% | $12,826-96.4% | $1,588-70.8% |