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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 | $3,401 | $45,872-92.6% | $77,100-95.6% | $68,490-95.0% |
| Participation rate | 30.3% | 55.9%-25.7pp | 67.9%-37.7pp | 67.9%-37.6pp |
| Annual return | 0.00% | 1.73%-1.7pp | 42.35%-42.4pp | -7.85%+7.9pp |
| Employer contribution / active EE | $173 | $1,650-89.5% | $2,815-93.8% | $2,597-93.3% |
| Participant deferral / active EE | $868 | $2,963-70.7% | $4,430-80.4% | $4,028-78.4% |
| Admin fee / account holder | $1 | $3,041-100.0% | $5,443-100.0% | $5,403-100.0% |