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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 | $25,154 | $69,590-63.9% | $136,867-81.6% | $94,015-73.2% |
| Participation rate | 15.4% | 66.3%-50.9pp | 74.5%-59.2pp | 70.8%-55.4pp |
| Annual return | 11.98% | 19.62%-7.6pp | 42.97%-31.0pp | 17.84%-5.9pp |
| Employer contribution / active EE | $0 | $2,396-100.0% | $3,547-100.0% | $2,790-100.0% |
| Participant deferral / active EE | $952 | $3,437-72.3% | $4,924-80.7% | $4,249-77.6% |
| Admin fee / account holder | $294 | $8,912-96.7% | $10,340-97.2% | $8,951-96.7% |