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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 | $1,738 | $54,541-96.8% | $78,778-97.8% | $70,126-97.5% |
| Participation rate | 22.6% | 60.8%-38.2pp | 69.2%-46.6pp | 69.5%-47.0pp |
| Annual return | 0.00% | 21.07%-21.1pp | 35.62%-35.6pp | 73.15%-73.1pp |
| Employer contribution / active EE | $223 | $1,089-79.5% | $1,986-88.8% | $2,343-90.5% |
| Participant deferral / active EE | $350 | $2,210-84.2% | $2,958-88.2% | $3,332-89.5% |
| Admin fee / account holder | $140 | $3,709-96.2% | $5,134-97.3% | $4,645-97.0% |