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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,268 | $81,476-70.2% | $102,383-76.3% | $80,925-70.0% |
| Participation rate | 64.7% | 66.8%-2.1pp | 74.5%-9.8pp | 67.7%-3.0pp |
| Annual return | 11.94% | 25.59%-13.7pp | 24.94%-13.0pp | 35.65%-23.7pp |
| Employer contribution / active EE | $513 | $3,105-83.5% | $3,870-86.7% | $2,756-81.4% |
| Participant deferral / active EE | $1,606 | $3,871-58.5% | $5,060-68.3% | $4,299-62.6% |
| Admin fee / account holder | $265 | $6,717-96.1% | $8,391-96.8% | $6,940-96.2% |