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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 | $18,497 | $135,905-86.4% | $126,068-85.3% | $198,609-90.7% |
| Participation rate | 42.9% | 85.6%-42.8pp | 84.7%-41.8pp | 82.4%-39.5pp |
| Annual return | 23.70% | 14.07%+9.6pp | 15.01%+8.7pp | 202.70%-179.0pp |
| Employer contribution / active EE | $1,431 | $4,245-66.3% | $3,968-63.9% | $5,055-71.7% |
| Participant deferral / active EE | $2,866 | $8,523-66.4% | $8,214-65.1% | $6,977-58.9% |
| Admin fee / account holder | $4 | $21,036-100.0% | $18,264-100.0% | $19,030-100.0% |