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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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,839 | $115,931-63.0% | $185,441-76.9% | $86,983-50.8% |
| Participation rate | 16.7% | 73.6%-57.0pp | 80.3%-63.6pp | 69.5%-52.9pp |
| Annual return | 16.65% | 21.47%-4.8pp | 20.16%-3.5pp | 25.83%-9.2pp |
| Employer contribution / active EE | $589 | $2,937-79.9% | $4,672-87.4% | $2,584-77.2% |
| Participant deferral / active EE | $647 | $4,551-85.8% | $6,152-89.5% | $4,194-84.6% |
| Admin fee / account holder | $266 | $10,687-97.5% | $17,890-98.5% | $7,856-96.6% |