Filed October 24, 2023
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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 | $22,352 | $157,296-85.8% | $141,191-84.2% | $152,897-85.4% |
| Participation rate | 66.7% | 84.8%-18.2pp | 82.5%-15.8pp | 82.5%-15.8pp |
| Annual return | 0.00% | 64.34%-64.3pp | 71.41%-71.4pp | 345.43%-345.4pp |
| Employer contribution / active EE | $680 | $5,262-87.1% | $4,736-85.6% | $4,764-85.7% |
| Participant deferral / active EE | $1,227 | $7,111-82.7% | $6,710-81.7% | $5,851-79.0% |
| Admin fee / account holder | $40 | $12,125-99.7% | $10,264-99.6% | $11,599-99.7% |