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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,093 | $73,787-36.2% | $98,716-52.3% | $82,448-42.9% |
| Participation rate | 40.6% | 61.4%-20.8pp | 69.3%-28.7pp | 68.1%-27.4pp |
| Annual return | 14.87% | 18.57%-3.7pp | 31.81%-16.9pp | 41.64%-26.8pp |
| Employer contribution / active EE | $331 | $1,511-78.1% | $2,279-85.5% | $2,551-87.0% |
| Participant deferral / active EE | $371 | $3,081-88.0% | $4,048-90.8% | $4,139-91.0% |
| Admin fee / account holder | $254 | $6,500-96.1% | $8,703-97.1% | $7,234-96.5% |