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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 | $78,329 | $60,349+29.8% | $74,184+5.6% | $62,881+24.6% |
| Participation rate | 59.0% | 72.7%-13.8pp | 76.6%-17.6pp | 69.3%-10.3pp |
| Annual return | 6.00% | 21.38%-15.4pp | 17.74%-11.7pp | 20.14%-14.1pp |
| Employer contribution / active EE | $0 | $1,680-100.0% | $2,370-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $3,001 | $2,856+5.1% | $3,550-15.5% | $3,203-6.3% |
| Admin fee / account holder | $225 | $4,261-94.7% | $5,586-96.0% | $4,296-94.8% |