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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 | $13,287 | $51,166-74.0% | $70,544-81.2% | $71,511-81.4% |
| Participation rate | 28.5% | 59.4%-30.9pp | 68.4%-39.9pp | 67.9%-39.5pp |
| Annual return | 24.20% | 42.71%-18.5pp | 32.79%-8.6pp | 28.86%-4.7pp |
| Employer contribution / active EE | $332 | $1,793-81.5% | $2,976-88.8% | $2,589-87.2% |
| Participant deferral / active EE | $985 | $3,031-67.5% | $4,568-78.4% | $4,291-77.0% |
| Admin fee / account holder | $171 | $2,000-91.4% | $6,427-97.3% | $1,588-89.2% |