Filed January 25, 2023
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $10,921 | $46,697-76.6% | $117,533-90.7% | $68,486-84.1% |
| Participation rate | 24.7% | 56.8%-32.1pp | 70.6%-45.9pp | 67.9%-43.2pp |
| Annual return | 0.00% | -14.52%+14.5pp | 29.77%-29.8pp | -7.85%+7.9pp |
| Employer contribution / active EE | $885 | $1,506-41.2% | $4,179-78.8% | $2,597-65.9% |
| Participant deferral / active EE | $1,911 | $2,637-27.5% | $4,072-53.1% | $4,028-52.5% |
| Admin fee / account holder | $157 | $4,023-96.1% | $5,647-97.2% | $5,404-97.1% |