Filed August 3, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $22,060 | $232,540-90.5% | $185,117-88.1% | $147,586-85.1% |
| Participation rate | 60.0% | 82.4%-22.4pp | 77.3%-17.3pp | 82.8%-22.8pp |
| Annual return | 0.00% | 43.03%-43.0pp | 40.50%-40.5pp | 578.59%-578.6pp |
| Employer contribution / active EE | $790 | $5,195-84.8% | $4,182-81.1% | $4,876-83.8% |
| Participant deferral / active EE | $1,185 | $5,834-79.7% | $5,045-76.5% | $5,439-78.2% |
| Admin fee / account holder | $32 | $10,275-99.7% | $8,159-99.6% | $10,886-99.7% |