Filed April 21, 2021
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $18,385 | $131,835-86.1% | $108,582-83.1% | $273,972-93.3% |
| Participation rate | 66.7% | 83.5%-16.8pp | 79.6%-12.9pp | 83.0%-16.3pp |
| Annual return | 0.00% | -91.57%+91.6pp | -51.70%+51.7pp | 41.46%-41.5pp |
| Employer contribution / active EE | $3,157 | $4,913-35.7% | $3,758-16.0% | $4,869-35.2% |
| Participant deferral / active EE | $3,867 | $5,127-24.6% | $4,311-10.3% | $5,287-26.9% |
| Admin fee / account holder | $236 | $10,253-97.7% | $7,645-96.9% | $10,133-97.7% |