Filed June 12, 2024
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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 | $15,321 | $42,396-63.9% | $67,313-77.2% | $56,287-72.8% |
| Participation rate | 30.4% | 61.0%-30.5pp | 69.1%-38.6pp | 69.9%-39.4pp |
| Annual return | -5.72% | -36.63%+30.9pp | -4.08%-1.6pp | -9.96%+4.2pp |
| Employer contribution / active EE | $349 | $1,414-75.3% | $2,566-86.4% | $2,111-83.5% |
| Participant deferral / active EE | $887 | $2,360-62.4% | $3,568-75.1% | $3,350-73.5% |
| Admin fee / account holder | $91 | $510-82.2% | $4,507-98.0% | $521-82.6% |