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| Provider | Service type | Compensation |
|---|---|---|
BETTERMENT FOR BUSINESS, LLC1+ years Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010 | Advisory (Plan) | $45,017 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $18,357 | $54,193-66.1% | $93,669-80.4% | $77,714-76.4% |
| Participation rate | 83.2% | 63.9%+19.3pp | 68.7%+14.5pp | 70.6%+12.6pp |
| Annual return | 14.12% | 30.54%-16.4pp | 133.59%-119.5pp | 31.26%-17.1pp |
| Employer contribution / active EE | $0 | $1,168-100.0% | $2,424-100.0% | $2,727-100.0% |
| Participant deferral / active EE | $2,964 | $3,144-5.7% | $4,416-32.9% | $4,649-36.2% |
| Admin fee / account holder | $59 | $576-89.7% | $8,291-99.3% | $433-86.4% |