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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 | $13,768 | $60,349-77.2% | $74,184-81.4% | $62,881-78.1% |
| Participation rate | 28.2% | 72.7%-44.5pp | 76.6%-48.4pp | 69.3%-41.1pp |
| Annual return | 7.07% | 21.38%-14.3pp | 17.74%-10.7pp | 20.14%-13.1pp |
| Employer contribution / active EE | $293 | $1,680-82.5% | $2,370-87.6% | $2,281-87.1% |
| Participant deferral / active EE | $1,966 | $2,856-31.2% | $3,550-44.6% | $3,203-38.6% |
| Admin fee / account holder | $0 | $4,261-100.0% | $5,586-100.0% | $4,296-100.0% |