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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,421 | $99,345-49.2% | $84,753-40.5% | $273,972-81.6% |
| Participation rate | 29.4% | 80.7%-51.3pp | 76.6%-47.2pp | 83.0%-53.6pp |
| Annual return | 9.30% | 22.93%-13.6pp | 22.78%-13.5pp | 41.46%-32.2pp |
| Employer contribution / active EE | $0 | $4,214-100.0% | $3,574-100.0% | $4,869-100.0% |
| Participant deferral / active EE | $1,051 | $4,270-75.4% | $3,712-71.7% | $5,287-80.1% |
| Admin fee / account holder | $101 | $6,645-98.5% | $5,333-98.1% | $10,133-99.0% |