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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,488 | $99,345-75.4% | $84,753-71.1% | $273,972-91.1% |
| Participation rate | 23.8% | 80.7%-56.9pp | 76.6%-52.8pp | 83.0%-59.2pp |
| Annual return | 6.98% | 22.93%-16.0pp | 22.78%-15.8pp | 41.46%-34.5pp |
| Employer contribution / active EE | $402 | $4,214-90.5% | $3,574-88.8% | $4,869-91.7% |
| Participant deferral / active EE | $1,085 | $4,270-74.6% | $3,712-70.8% | $5,287-79.5% |
| Admin fee / account holder | $223 | $6,645-96.6% | $5,333-95.8% | $10,133-97.8% |