Filed September 11, 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 | $80,820 | $57,752+39.9% | $112,273-28.0% | $71,495+13.0% |
| Participation rate | 9.8% | 58.8%-49.0pp | 72.4%-62.6pp | 67.9%-58.1pp |
| Annual return | 17.73% | 18.25%-0.5pp | 30.23%-12.5pp | 28.85%-11.1pp |
| Employer contribution / active EE | $352 | $1,912-81.6% | $3,431-89.7% | $2,589-86.4% |
| Participant deferral / active EE | $766 | $2,860-73.2% | $4,800-84.0% | $4,291-82.1% |
| Admin fee / account holder | $0 | $1,586-100.0% | $7,752-100.0% | $1,588-100.0% |