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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 | $12,118 | $91,559-86.8% | $133,959-91.0% | $79,858-84.8% |
| Participation rate | 33.3% | 73.3%-40.0pp | 79.8%-46.5pp | 69.6%-36.3pp |
| Annual return | 15.17% | 61.85%-46.7pp | 45.09%-29.9pp | 31.72%-16.5pp |
| Employer contribution / active EE | $0 | $2,384-100.0% | $3,919-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $1,029 | $3,734-72.4% | $5,047-79.6% | $3,740-72.5% |
| Admin fee / account holder | $46 | $6,321-99.3% | $8,928-99.5% | $5,306-99.1% |