Filed August 15, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,197 | $135,956-66.0% | $123,894-62.7% | $273,972-83.1% |
| Participation rate | 29.4% | 84.1%-54.7pp | 81.4%-52.0pp | 83.0%-53.6pp |
| Annual return | 7.87% | 56.63%-48.8pp | 47.52%-39.6pp | 41.46%-33.6pp |
| Employer contribution / active EE | $762 | $5,170-85.3% | $4,617-83.5% | $4,869-84.4% |
| Participant deferral / active EE | $1,672 | $6,343-73.6% | $5,984-72.1% | $5,287-68.4% |
| Admin fee / account holder | $187 | $9,817-98.1% | $8,357-97.8% | $10,133-98.2% |