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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 | $19,018 | $69,977-72.8% | $108,582-82.5% | $62,881-69.8% |
| Participation rate | 47.7% | 72.9%-25.2pp | 79.6%-31.8pp | 69.3%-21.6pp |
| Annual return | 8.36% | 10.73%-2.4pp | -51.70%+60.1pp | 20.14%-11.8pp |
| Employer contribution / active EE | $442 | $2,135-79.3% | $3,758-88.2% | $2,281-80.6% |
| Participant deferral / active EE | $2,122 | $3,165-32.9% | $4,311-50.8% | $3,203-33.7% |
| Admin fee / account holder | $169 | $5,076-96.7% | $7,645-97.8% | $4,296-96.1% |