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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 | $4,194 | $35,183-88.1% | $73,550-94.3% | $70,126-94.0% |
| Participation rate | 30.3% | 42.9%-12.6pp | 54.9%-24.6pp | 69.5%-39.2pp |
| Annual return | 14.36% | 26.90%-12.5pp | -15.16%+29.5pp | 73.15%-58.8pp |
| Employer contribution / active EE | $160 | $709-77.5% | $1,219-86.9% | $2,343-93.2% |
| Participant deferral / active EE | $246 | $1,220-79.8% | $1,804-86.4% | $3,332-92.6% |
| Admin fee / account holder | $171 | $2,302-92.6% | $2,320-92.6% | $4,645-96.3% |