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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $7,371 | $56,054-86.9% | $171,082-95.7% | $62,881-88.3% |
| Participation rate | 62.9% | 62.9%0pp | 76.7%-13.8pp | 69.3%-6.4pp |
| Annual return | 7.62% | 22.52%-14.9pp | 32.56%-24.9pp | 20.14%-12.5pp |
| Employer contribution / active EE | $402 | $1,731-76.8% | $4,002-90.0% | $2,281-82.4% |
| Participant deferral / active EE | $515 | $3,158-83.7% | $4,797-89.3% | $3,203-83.9% |
| Admin fee / account holder | $84 | $3,647-97.7% | $8,520-99.0% | $4,296-98.0% |