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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 | $19,926 | $101,795-80.4% | $165,100-87.9% | $80,959-75.4% |
| Participation rate | 29.6% | 71.8%-42.2pp | 78.6%-49.0pp | 67.7%-38.1pp |
| Annual return | 13.04% | 16.73%-3.7pp | 70.21%-57.2pp | 35.67%-22.6pp |
| Employer contribution / active EE | $830 | $2,954-71.9% | $4,348-80.9% | $2,757-69.9% |
| Participant deferral / active EE | $1,303 | $4,476-70.9% | $6,035-78.4% | $4,300-69.7% |
| Admin fee / account holder | $145 | $8,221-98.2% | $12,696-98.9% | $6,925-97.9% |