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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 | $24,955 | $47,848-47.8% | $81,473-69.4% | $70,126-64.4% |
| Participation rate | 4.0% | 58.3%-54.3pp | 68.0%-64.0pp | 69.5%-65.5pp |
| Annual return | 0.00% | 27.25%-27.2pp | 38.78%-38.8pp | 73.15%-73.1pp |
| Employer contribution / active EE | $246 | $1,527-83.9% | $2,568-90.4% | $2,343-89.5% |
| Participant deferral / active EE | $493 | $2,453-79.9% | $3,537-86.1% | $3,332-85.2% |
| Admin fee / account holder | $48 | $3,145-98.5% | $4,561-99.0% | $4,645-99.0% |