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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 | $11,026 | $76,551-85.6% | $123,894-91.1% | $62,881-82.5% |
| Participation rate | 34.4% | 73.0%-38.6pp | 81.4%-47.0pp | 69.3%-34.9pp |
| Annual return | 8.15% | 18.68%-10.5pp | 47.52%-39.4pp | 20.14%-12.0pp |
| Employer contribution / active EE | $0 | $2,882-100.0% | $4,617-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,317 | $4,840-72.8% | $5,984-78.0% | $3,203-58.9% |
| Admin fee / account holder | $92 | $4,826-98.1% | $8,357-98.9% | $4,296-97.9% |