Filed December 29, 2023
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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 | $2,216 | $47,977-95.4% | $154,114-98.6% | $56,287-96.1% |
| Participation rate | 30.4% | 66.2%-35.8pp | 83.0%-52.7pp | 69.9%-39.5pp |
| Annual return | 0.00% | 3.54%-3.5pp | 735.16%-735.2pp | -9.96%+10.0pp |
| Employer contribution / active EE | $712 | $2,169-67.2% | $5,298-86.6% | $2,111-66.3% |
| Participant deferral / active EE | $0 | $2,392-100.0% | $5,081-100.0% | $3,350-100.0% |
| Admin fee / account holder | $0 | $438-100.0% | $13,411-100.0% | $521-100.0% |