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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 | $1,786 | $64,734-97.2% | $90,796-98.0% | $64,097-97.2% |
| Participation rate | 2.9% | 53.2%-50.3pp | 69.5%-66.6pp | 55.2%-52.3pp |
| Annual return | 15.16% | 17.77%-2.6pp | 19.29%-4.1pp | 34.64%-19.5pp |
| Employer contribution / active EE | $0 | $1,703-100.0% | $2,294-100.0% | $1,891-100.0% |
| Participant deferral / active EE | $18 | $2,629-99.3% | $3,822-99.5% | $3,080-99.4% |
| Admin fee / account holder | $69 | $3,474-98.0% | $7,024-99.0% | $3,454-98.0% |