Filed August 7, 2024
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 | $5,500 | $99,652-94.5% | $78,778-93.0% | $147,586-96.3% |
| Participation rate | 40.0% | 76.2%-36.2pp | 69.2%-29.2pp | 82.8%-42.8pp |
| Annual return | 13.24% | 47.28%-34.0pp | 35.62%-22.4pp | 578.59%-565.4pp |
| Employer contribution / active EE | $72 | $2,796-97.4% | $1,986-96.4% | $4,876-98.5% |
| Participant deferral / active EE | $851 | $3,664-76.8% | $2,958-71.2% | $5,439-84.3% |
| Admin fee / account holder | $11 | $7,155-99.8% | $5,134-99.8% | $10,886-99.9% |