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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 | $8,137 | $76,551-89.4% | $123,894-93.4% | $62,881-87.1% |
| Participation rate | 48.5% | 73.0%-24.5pp | 81.4%-32.9pp | 69.3%-20.8pp |
| Annual return | 0.00% | 18.68%-18.7pp | 47.52%-47.5pp | 20.14%-20.1pp |
| Employer contribution / active EE | $2,877 | $2,882-0.2% | $4,617-37.7% | $2,281+26.1% |
| Participant deferral / active EE | $1,124 | $4,840-76.8% | $5,984-81.2% | $3,203-64.9% |
| Admin fee / account holder | $0 | $4,826-100.0% | $8,357-100.0% | $4,296-100.0% |