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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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,462 | $76,564-81.1% | $105,582-86.3% | $94,015-84.6% |
| Participation rate | 25.0% | 65.2%-40.2pp | 71.8%-46.8pp | 70.8%-45.8pp |
| Annual return | 21.79% | 20.69%+1.1pp | 18.61%+3.2pp | 17.84%+3.9pp |
| Employer contribution / active EE | $0 | $1,995-100.0% | $2,984-100.0% | $2,790-100.0% |
| Participant deferral / active EE | $1,286 | $3,320-61.3% | $4,353-70.5% | $4,249-69.7% |
| Admin fee / account holder | $50 | $7,129-99.3% | $12,856-99.6% | $8,951-99.4% |