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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.
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 | $16,044 | $103,393-84.5% | $87,103-81.6% | $152,909-89.5% |
| Participation rate | 60.0% | 79.4%-19.4pp | 76.9%-16.9pp | 82.5%-22.5pp |
| Annual return | 22.47% | 28.10%-5.6pp | 28.19%-5.7pp | 345.46%-323.0pp |
| Employer contribution / active EE | $1,039 | $3,221-67.7% | $2,521-58.8% | $4,764-78.2% |
| Participant deferral / active EE | $1,250 | $4,778-73.8% | $4,049-69.1% | $5,851-78.6% |
| Admin fee / account holder | $275 | $12,195-97.7% | $7,491-96.3% | $11,601-97.6% |