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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.
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 | $22,380 | $181,896-87.7% | $156,551-85.7% | $273,972-91.8% |
| Participation rate | 18.2% | 88.4%-70.2pp | 84.0%-65.8pp | 83.0%-64.8pp |
| Annual return | 0.00% | 30.74%-30.7pp | 32.23%-32.2pp | 41.46%-41.5pp |
| Employer contribution / active EE | $622 | $6,248-90.0% | $5,501-88.7% | $4,869-87.2% |
| Participant deferral / active EE | $3,273 | $5,550-41.0% | $4,871-32.8% | $5,287-38.1% |
| Admin fee / account holder | $178 | $15,560-98.9% | $13,028-98.6% | $10,133-98.2% |