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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 | $6,391 | $60,349-89.4% | $74,184-91.4% | $62,881-89.8% |
| Participation rate | 52.8% | 72.7%-19.9pp | 76.6%-23.8pp | 69.3%-16.5pp |
| Annual return | 9.70% | 21.38%-11.7pp | 17.74%-8.0pp | 20.14%-10.4pp |
| Employer contribution / active EE | $503 | $1,680-70.0% | $2,370-78.8% | $2,281-77.9% |
| Participant deferral / active EE | $842 | $2,856-70.5% | $3,550-76.3% | $3,203-73.7% |
| Admin fee / account holder | $74 | $4,261-98.3% | $5,586-98.7% | $4,296-98.3% |