Filed November 14, 2024
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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 | $14,859 | $73,988-79.9% | $96,538-84.6% | $75,177-80.2% |
| Participation rate | 40.0% | 66.4%-26.4pp | 74.3%-34.3pp | 67.2%-27.2pp |
| Annual return | 26.11% | 26.73%-0.6pp | 35.74%-9.6pp | 160.75%-134.6pp |
| Employer contribution / active EE | $0 | $2,930-100.0% | $3,740-100.0% | $2,671-100.0% |
| Participant deferral / active EE | $2,567 | $3,660-29.9% | $4,880-47.4% | $4,126-37.8% |
| Admin fee / account holder | $86 | $5,220-98.3% | $6,737-98.7% | $5,651-98.5% |