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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.
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 | $15,991 | $46,877-65.9% | $122,354-86.9% | $70,126-77.2% |
| Participation rate | 59.4% | 58.2%+1.2pp | 71.6%-12.3pp | 69.5%-10.2pp |
| Annual return | 21.20% | 24.22%-3.0pp | 30.28%-9.1pp | 73.15%-52.0pp |
| Employer contribution / active EE | $0 | $1,288-100.0% | $4,051-100.0% | $2,343-100.0% |
| Participant deferral / active EE | $2,480 | $2,167+14.4% | $3,287-24.6% | $3,332-25.6% |
| Admin fee / account holder | $154 | $3,324-95.4% | $5,479-97.2% | $4,645-96.7% |