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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,236 | $72,269-78.9% | $101,271-85.0% | $79,852-80.9% |
| Participation rate | 61.3% | 68.5%-7.2pp | 75.8%-14.5pp | 69.6%-8.3pp |
| Annual return | 17.78% | 22.29%-4.5pp | 46.48%-28.7pp | 31.72%-13.9pp |
| Employer contribution / active EE | $3,313 | $2,692+23.1% | $3,660-9.5% | $2,471+34.0% |
| Participant deferral / active EE | $0 | $3,282-100.0% | $4,371-100.0% | $3,740-100.0% |
| Admin fee / account holder | $55 | $4,401-98.8% | $5,948-99.1% | $5,306-99.0% |