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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 | $3,122 | $58,493-94.7% | $84,023-96.3% | $72,976-95.7% |
| Participation rate | 37.1% | 61.2%-24.1pp | 69.0%-31.9pp | 69.5%-32.3pp |
| Annual return | 23.77% | 28.93%-5.2pp | 71.32%-47.6pp | 81.02%-57.2pp |
| Employer contribution / active EE | $299 | $1,163-74.3% | $1,984-84.9% | $2,440-87.7% |
| Participant deferral / active EE | $460 | $2,394-80.8% | $3,239-85.8% | $3,608-87.3% |
| Admin fee / account holder | $31 | $4,569-99.3% | $6,102-99.5% | $5,124-99.4% |