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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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $115,448 | $81,476+41.7% | $102,383+12.8% | $80,925+42.7% |
| Participation rate | 22.7% | 66.8%-44.1pp | 74.5%-51.8pp | 67.7%-44.9pp |
| Annual return | 19.74% | 25.59%-5.9pp | 24.94%-5.2pp | 35.65%-15.9pp |
| Employer contribution / active EE | $707 | $3,105-77.2% | $3,870-81.7% | $2,756-74.4% |
| Participant deferral / active EE | $1,118 | $3,871-71.1% | $5,060-77.9% | $4,299-74.0% |
| Admin fee / account holder | $282 | $6,717-95.8% | $8,391-96.6% | $6,940-95.9% |