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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC6 years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $74,366 |
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 | $190,941 | $122,042+56.5% | $184,260+3.6% | $74,459+156.4% |
| Participation rate | 87.7% | 85.5%+2.2pp | 86.8%+0.9pp | 67.2%+20.5pp |
| Annual return | 14.14% | 19.91%-5.8pp | 28.84%-14.7pp | 1369.70%-1355.6pp |
| Employer contribution / active EE | $2,017 | $4,537-55.6% | $6,427-68.6% | $2,626-23.2% |
| Participant deferral / active EE | $14,236 | $7,143+99.3% | $9,133+55.9% | $4,350+227.3% |
| Admin fee / account holder | $385 | $1,252-69.2% | $13,898-97.2% | $1,945-80.2% |