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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 | $14,841 | $76,551-80.6% | $123,894-88.0% | $62,881-76.4% |
| Participation rate | 36.1% | 73.0%-36.9pp | 81.4%-45.3pp | 69.3%-33.2pp |
| Annual return | 9.46% | 18.68%-9.2pp | 47.52%-38.1pp | 20.14%-10.7pp |
| Employer contribution / active EE | $0 | $2,882-100.0% | $4,617-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $2,250 | $4,840-53.5% | $5,984-62.4% | $3,203-29.8% |
| Admin fee / account holder | $170 | $4,826-96.5% | $8,357-98.0% | $4,296-96.0% |