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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 | $11,278 | $72,177-84.4% | $115,038-90.2% | $59,633-81.1% |
| Participation rate | 63.8% | 72.6%-8.8pp | 81.4%-17.6pp | 68.7%-4.9pp |
| Annual return | 7.69% | 12.02%-4.3pp | 26.14%-18.5pp | 2041.45%-2033.8pp |
| Employer contribution / active EE | $800 | $2,841-71.8% | $4,608-82.6% | $2,203-63.7% |
| Participant deferral / active EE | $1,937 | $4,783-59.5% | $6,026-67.9% | $3,192-39.3% |
| Admin fee / account holder | $295 | $4,927-94.0% | $8,175-96.4% | $4,297-93.1% |