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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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,612 | $43,075-35.9% | $74,577-63.0% | $62,881-56.1% |
| Participation rate | 22.6% | 58.1%-35.5pp | 68.1%-45.5pp | 69.3%-46.7pp |
| Annual return | 6.84% | 17.50%-10.7pp | 20.47%-13.6pp | 20.14%-13.3pp |
| Employer contribution / active EE | $180 | $1,498-88.0% | $2,525-92.9% | $2,281-92.1% |
| Participant deferral / active EE | $360 | $2,389-84.9% | $3,458-89.6% | $3,203-88.8% |
| Admin fee / account holder | $185 | $2,840-93.5% | $4,138-95.5% | $4,296-95.7% |