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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,618 | $72,177-90.8% | $115,038-94.2% | $59,633-88.9% |
| Participation rate | 43.2% | 72.6%-29.3pp | 81.4%-38.1pp | 68.7%-25.4pp |
| Annual return | 0.00% | 12.02%-12.0pp | 26.14%-26.1pp | 2041.45%-2041.5pp |
| Employer contribution / active EE | $945 | $2,841-66.7% | $4,608-79.5% | $2,203-57.1% |
| Participant deferral / active EE | $1,986 | $4,783-58.5% | $6,026-67.0% | $3,192-37.8% |
| Admin fee / account holder | $24 | $4,927-99.5% | $8,175-99.7% | $4,297-99.4% |