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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.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,925 | $88,324-84.2% | $115,038-87.9% | $55,191-74.8% |
| Participation rate | 8.4% | 72.5%-64.1pp | 81.4%-73.0pp | 69.2%-60.8pp |
| Annual return | 0.58% | 6.30%-5.7pp | 26.14%-25.6pp | 10.78%-10.2pp |
| Employer contribution / active EE | $0 | $2,805-100.0% | $4,608-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $756 | $5,042-85.0% | $6,026-87.5% | $3,046-75.2% |
| Admin fee / account holder | $120 | $105+14.3% | $8,175-98.5% | $91+32.7% |