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.
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,792 | $43,730-47.9% | $121,220-81.2% | $64,173-64.5% |
| Participation rate | 29.3% | 58.3%-29.0pp | 71.8%-42.4pp | 69.6%-40.2pp |
| Annual return | -9.29% | 68.94%-78.2pp | 16.94%-26.2pp | 7.63%-16.9pp |
| Employer contribution / active EE | $0 | $1,297-100.0% | $4,023-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,151 | $2,281-49.6% | $3,345-65.6% | $3,470-66.8% |
| Admin fee / account holder | $73 | $3,502-97.9% | $5,021-98.6% | $4,887-98.5% |