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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 | $5,836 | $87,546-93.3% | $75,784-92.3% | $125,389-95.3% |
| Participation rate | 57.1% | 80.2%-23.0pp | 75.8%-18.7pp | 83.2%-26.0pp |
| Annual return | 0.08% | 13.49%-13.4pp | 9.68%-9.6pp | 282.24%-282.2pp |
| Employer contribution / active EE | $1,308 | $3,930-66.7% | $3,323-60.6% | $4,866-73.1% |
| Participant deferral / active EE | $0 | $4,230-100.0% | $3,652-100.0% | $5,352-100.0% |
| Admin fee / account holder | $27 | $6,503-99.6% | $5,300-99.5% | $9,541-99.7% |