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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 | $23,113 | $86,330-73.2% | $121,871-81.0% | $94,015-75.4% |
| Participation rate | 23.4% | 66.7%-43.3pp | 73.2%-49.8pp | 70.8%-47.4pp |
| Annual return | 16.72% | 14.95%+1.8pp | 13.57%+3.2pp | 17.84%-1.1pp |
| Employer contribution / active EE | $617 | $2,292-73.1% | $2,731-77.4% | $2,790-77.9% |
| Participant deferral / active EE | $884 | $3,146-71.9% | $4,318-79.5% | $4,249-79.2% |
| Admin fee / account holder | $299 | $7,346-95.9% | $11,551-97.4% | $8,951-96.7% |