Filed March 6, 2023
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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 | $14,657 | $39,162-62.6% | $100,671-85.4% | $59,633-75.4% |
| Participation rate | 32.6% | 55.9%-23.3pp | 70.7%-38.2pp | 68.7%-36.1pp |
| Annual return | -2.34% | 21.07%-23.4pp | 20.43%-22.8pp | 2041.45%-2043.8pp |
| Employer contribution / active EE | $0 | $1,151-100.0% | $4,012-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $959 | $1,992-51.8% | $3,144-69.5% | $3,192-69.9% |
| Admin fee / account holder | $194 | $2,969-93.5% | $4,850-96.0% | $4,297-95.5% |