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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 | $6,718 | $56,894-88.2% | $84,753-92.1% | $62,881-89.3% |
| Participation rate | 22.9% | 68.5%-45.7pp | 76.6%-53.7pp | 69.3%-46.4pp |
| Annual return | 11.63% | 6.30%+5.3pp | 22.78%-11.1pp | 20.14%-8.5pp |
| Employer contribution / active EE | $0 | $2,400-100.0% | $3,574-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $984 | $2,709-63.7% | $3,712-73.5% | $3,203-69.3% |
| Admin fee / account holder | $90 | $3,581-97.5% | $5,333-98.3% | $4,296-97.9% |