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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 | $7,234 | $49,280-85.3% | $67,313-89.3% | $64,181-88.7% |
| Participation rate | 37.3% | 60.8%-23.5pp | 69.1%-31.8pp | 69.6%-32.3pp |
| Annual return | 31.09% | -1.39%+32.5pp | -4.08%+35.2pp | 7.63%+23.5pp |
| Employer contribution / active EE | $0 | $1,668-100.0% | $2,566-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,511 | $2,484-39.2% | $3,568-57.7% | $3,470-56.5% |
| Admin fee / account holder | $203 | $3,863-94.7% | $4,507-95.5% | $4,887-95.8% |