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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 | $8,763 | $56,894-84.6% | $84,753-89.7% | $62,881-86.1% |
| Participation rate | 59.2% | 68.5%-9.4pp | 76.6%-17.4pp | 69.3%-10.1pp |
| Annual return | 6.02% | 6.30%-0.3pp | 22.78%-16.8pp | 20.14%-14.1pp |
| Employer contribution / active EE | $384 | $2,400-84.0% | $3,574-89.3% | $2,281-83.2% |
| Participant deferral / active EE | $1,261 | $2,709-53.4% | $3,712-66.0% | $3,203-60.6% |
| Admin fee / account holder | $223 | $3,581-93.8% | $5,333-95.8% | $4,296-94.8% |