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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 | $14,118 | $67,703-79.1% | $127,803-89.0% | $65,186-78.3% |
| Participation rate | 35.6% | 74.5%-38.9pp | 79.0%-43.4pp | 70.2%-34.6pp |
| Annual return | 0.00% | 24.36%-24.4pp | 26.14%-26.1pp | 29.39%-29.4pp |
| Employer contribution / active EE | $1,294 | $3,724-65.2% | $4,576-71.7% | $2,177-40.5% |
| Participant deferral / active EE | $1,599 | $4,787-66.6% | $6,023-73.5% | $3,514-54.5% |
| Admin fee / account holder | $16 | $618-97.4% | $9,399-99.8% | $847-98.1% |