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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 | $11,088 | $73,102-84.8% | $123,553-91.0% | $56,289-80.3% |
| Participation rate | 45.8% | 74.3%-28.5pp | 82.3%-36.5pp | 69.9%-24.0pp |
| Annual return | 4.32% | 3.01%+1.3pp | 119.21%-114.9pp | -9.96%+14.3pp |
| Employer contribution / active EE | $825 | $2,977-72.3% | $4,628-82.2% | $2,111-60.9% |
| Participant deferral / active EE | $1,084 | $5,423-80.0% | $6,426-83.1% | $3,350-67.6% |
| Admin fee / account holder | $201 | $554-63.6% | $9,284-97.8% | $521-61.3% |