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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $24,494 | $109,359-77.6% | $162,185-84.9% | $72,977-66.4% |
| Participation rate | 42.3% | 84.3%-41.9pp | 87.6%-45.2pp | 69.5%-27.2pp |
| Annual return | 23.33% | 25.46%-2.1pp | 115.61%-92.3pp | 81.02%-57.7pp |
| Employer contribution / active EE | $0 | $3,907-100.0% | $5,613-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $2,412 | $5,481-56.0% | $7,297-66.9% | $3,608-33.1% |
| Admin fee / account holder | $2,509 | $7,972-68.5% | $10,844-76.9% | $5,124-51.0% |