Filed June 9, 2022
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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 | $3,611 | $32,037-88.7% | $69,182-94.8% | $62,881-94.3% |
| Participation rate | 16.4% | 43.4%-27.0pp | 55.1%-38.7pp | 69.3%-52.9pp |
| Annual return | 8.64% | 15.16%-6.5pp | -21.93%+30.6pp | 20.14%-11.5pp |
| Employer contribution / active EE | $0 | $679-100.0% | $1,206-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $594 | $1,185-49.8% | $1,897-68.7% | $3,203-81.4% |
| Admin fee / account holder | $73 | $2,608-97.2% | $2,697-97.3% | $4,296-98.3% |