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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,409 | $60,349-61.2% | $74,184-68.4% | $62,881-62.8% |
| Participation rate | 28.1% | 72.7%-44.6pp | 76.6%-48.5pp | 69.3%-41.2pp |
| Annual return | 8.18% | 21.38%-13.2pp | 17.74%-9.6pp | 20.14%-12.0pp |
| Employer contribution / active EE | $350 | $1,680-79.2% | $2,370-85.2% | $2,281-84.7% |
| Participant deferral / active EE | $920 | $2,856-67.8% | $3,550-74.1% | $3,203-71.3% |
| Admin fee / account holder | $14 | $4,261-99.7% | $5,586-99.8% | $4,296-99.7% |