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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $7,378 | $73,863-90.0% | $143,797-94.9% | $68,490-89.2% |
| Participation rate | 55.6% | 66.7%-11.1pp | 80.3%-24.8pp | 67.9%-12.3pp |
| Annual return | 0.00% | 0.91%-0.9pp | -0.04%0pp | -7.85%+7.9pp |
| Employer contribution / active EE | $1,385 | $3,185-56.5% | $4,952-72.0% | $2,597-46.6% |
| Participant deferral / active EE | $2,593 | $3,385-23.4% | $5,638-54.0% | $4,028-35.6% |
| Admin fee / account holder | $33 | $5,756-99.4% | $14,679-99.8% | $5,403-99.4% |