Filed August 26, 2024
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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 | $10,644 | $63,082-83.1% | $81,726-87.0% | $79,856-86.7% |
| Participation rate | 55.6% | 67.5%-12.0pp | 72.0%-16.5pp | 69.6%-14.1pp |
| Annual return | 25.57% | 22.66%+2.9pp | 29.49%-3.9pp | 31.71%-6.1pp |
| Employer contribution / active EE | $520 | $1,795-71.1% | $4,311-87.9% | $2,471-79.0% |
| Participant deferral / active EE | $1,503 | $2,780-45.9% | $7,108-78.9% | $3,741-59.8% |
| Admin fee / account holder | $155 | $4,428-96.5% | $5,160-97.0% | $5,306-97.1% |