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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 | $18,724 | $135,956-86.2% | $123,894-84.9% | $273,972-93.2% |
| Participation rate | 60.0% | 84.1%-24.1pp | 81.4%-21.4pp | 83.0%-23.0pp |
| Annual return | 5.68% | 56.63%-50.9pp | 47.52%-41.8pp | 41.46%-35.8pp |
| Employer contribution / active EE | $211 | $5,170-95.9% | $4,617-95.4% | $4,869-95.7% |
| Participant deferral / active EE | $5,279 | $6,343-16.8% | $5,984-11.8% | $5,287-0.1% |
| Admin fee / account holder | $299 | $9,817-97.0% | $8,357-96.4% | $10,133-97.1% |