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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,113 | $75,720-69.5% | $90,312-74.4% | $86,983-73.4% |
| Participation rate | 23.4% | 66.3%-42.9pp | 72.9%-49.5pp | 69.5%-46.1pp |
| Annual return | 16.72% | 18.55%-1.8pp | 18.90%-2.2pp | 25.83%-9.1pp |
| Employer contribution / active EE | $617 | $1,945-68.3% | $2,243-72.5% | $2,584-76.1% |
| Participant deferral / active EE | $884 | $3,001-70.5% | $3,749-76.4% | $4,194-78.9% |
| Admin fee / account holder | $299 | $6,201-95.2% | $8,248-96.4% | $7,856-96.2% |