Filed January 21, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $7,831 | $47,848-83.6% | $81,473-90.4% | $70,126-88.8% |
| Participation rate | 55.8% | 58.3%-2.5pp | 68.0%-12.1pp | 69.5%-13.7pp |
| Annual return | 0.00% | 27.25%-27.2pp | 38.78%-38.8pp | 73.15%-73.1pp |
| Employer contribution / active EE | $1,247 | $1,527-18.3% | $2,568-51.4% | $2,343-46.7% |
| Participant deferral / active EE | $2,161 | $2,453-11.9% | $3,537-38.9% | $3,332-35.1% |
| Admin fee / account holder | $86 | $3,145-97.3% | $4,561-98.1% | $4,645-98.1% |