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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,176 | $72,486-90.1% | $87,103-91.8% | $72,976-90.2% |
| Participation rate | 40.0% | 72.8%-32.8pp | 76.9%-36.9pp | 69.5%-29.5pp |
| Annual return | 21.48% | 24.46%-3.0pp | 28.19%-6.7pp | 81.02%-59.5pp |
| Employer contribution / active EE | $552 | $1,894-70.8% | $2,521-78.1% | $2,440-77.4% |
| Participant deferral / active EE | $975 | $3,270-70.2% | $4,049-75.9% | $3,608-73.0% |
| Admin fee / account holder | $247 | $5,055-95.1% | $7,491-96.7% | $5,124-95.2% |