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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 | $70,937 | $101,795-30.3% | $165,100-57.0% | $80,959-12.4% |
| Participation rate | 31.8% | 71.8%-40.0pp | 78.6%-46.8pp | 67.7%-35.8pp |
| Annual return | 11.16% | 16.73%-5.6pp | 70.21%-59.0pp | 35.67%-24.5pp |
| Employer contribution / active EE | $0 | $2,954-100.0% | $4,348-100.0% | $2,757-100.0% |
| Participant deferral / active EE | $1,423 | $4,476-68.2% | $6,035-76.4% | $4,300-66.9% |
| Admin fee / account holder | $67 | $8,221-99.2% | $12,696-99.5% | $6,925-99.0% |