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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.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,937 | $25,723-88.6% | $69,182-95.8% | $55,167-94.7% |
| Participation rate | 26.9% | 39.4%-12.5pp | 55.1%-28.2pp | 69.0%-42.1pp |
| Annual return | 0.00% | 9.56%-9.6pp | -21.93%+21.9pp | 169.23%-169.2pp |
| Employer contribution / active EE | $0 | $480-100.0% | $1,206-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,053 | $963+9.3% | $1,897-44.5% | $3,054-65.5% |
| Admin fee / account holder | $0 | $365-100.0% | $2,697-100.0% | $504-100.0% |