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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 | $6,341 | $89,652-92.9% | $141,197-95.5% | $65,186-90.3% |
| Participation rate | 6.9% | 74.7%-67.8pp | 82.5%-75.6pp | 70.2%-63.3pp |
| Annual return | 22.05% | 32.79%-10.7pp | 71.41%-49.4pp | 29.39%-7.3pp |
| Employer contribution / active EE | $0 | $3,065-100.0% | $4,736-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $240 | $5,691-95.8% | $6,710-96.4% | $3,514-93.2% |
| Admin fee / account holder | $231 | $569-59.4% | $10,265-97.8% | $847-72.7% |