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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,431 | $78,013-77.7% | $178,449-90.2% | $80,911-78.5% |
| Participation rate | 29.3% | 65.7%-36.4pp | 77.1%-47.8pp | 67.6%-38.4pp |
| Annual return | 14.15% | 18.07%-3.9pp | 27.09%-12.9pp | 35.63%-21.5pp |
| Employer contribution / active EE | $542 | $2,287-76.3% | $3,951-86.3% | $2,756-80.3% |
| Participant deferral / active EE | $1,026 | $4,408-76.7% | $6,277-83.7% | $4,297-76.1% |
| Admin fee / account holder | $154 | $7,166-97.9% | $10,362-98.5% | $6,935-97.8% |