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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,322 | $48,078-51.5% | $78,675-70.4% | $62,881-62.9% |
| Participation rate | 19.2% | 65.2%-46.0pp | 73.6%-54.3pp | 69.3%-50.1pp |
| Annual return | 7.02% | 31.36%-24.3pp | 62.19%-55.2pp | 20.14%-13.1pp |
| Employer contribution / active EE | $264 | $2,015-86.9% | $2,850-90.8% | $2,281-88.4% |
| Participant deferral / active EE | $300 | $2,587-88.4% | $3,517-91.5% | $3,203-90.6% |
| Admin fee / account holder | $285 | $3,206-91.1% | $4,510-93.7% | $4,296-93.4% |