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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,994 | $37,446-78.7% | $77,552-89.7% | $79,856-90.0% |
| Participation rate | 23.1% | 41.5%-18.4pp | 54.2%-31.1pp | 69.6%-46.6pp |
| Annual return | 0.00% | 39.76%-39.8pp | 54.82%-54.8pp | 31.71%-31.7pp |
| Employer contribution / active EE | $83 | $637-86.9% | $987-91.6% | $2,471-96.6% |
| Participant deferral / active EE | $720 | $1,261-42.9% | $1,861-61.3% | $3,741-80.7% |
| Admin fee / account holder | $1 | $2,506-99.9% | $2,859-100.0% | $5,306-100.0% |