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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 | $7,583 | $99,345-92.4% | $84,753-91.1% | $273,972-97.2% |
| Participation rate | 63.6% | 80.7%-17.1pp | 76.6%-13.0pp | 83.0%-19.4pp |
| Annual return | 8.34% | 22.93%-14.6pp | 22.78%-14.4pp | 41.46%-33.1pp |
| Employer contribution / active EE | $751 | $4,214-82.2% | $3,574-79.0% | $4,869-84.6% |
| Participant deferral / active EE | $984 | $4,270-77.0% | $3,712-73.5% | $5,287-81.4% |
| Admin fee / account holder | $29 | $6,645-99.6% | $5,333-99.5% | $10,133-99.7% |