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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 | $17,705 | $72,177-75.5% | $115,038-84.6% | $59,633-70.3% |
| Participation rate | 46.5% | 72.6%-26.0pp | 81.4%-34.9pp | 68.7%-22.2pp |
| Annual return | -1.12% | 12.02%-13.1pp | 26.14%-27.3pp | 2041.45%-2042.6pp |
| Employer contribution / active EE | $993 | $2,841-65.0% | $4,608-78.4% | $2,203-54.9% |
| Participant deferral / active EE | $1,670 | $4,783-65.1% | $6,026-72.3% | $3,192-47.7% |
| Admin fee / account holder | $207 | $4,927-95.8% | $8,175-97.5% | $4,297-95.2% |