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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 | $31,924 | $57,119-44.1% | $85,187-62.5% | $80,935-60.6% |
| Participation rate | 6.7% | 56.4%-49.7pp | 67.5%-60.9pp | 67.7%-61.0pp |
| Annual return | 12.57% | 21.70%-9.1pp | 66.67%-54.1pp | 35.66%-23.1pp |
| Employer contribution / active EE | $210 | $1,802-88.3% | $2,732-92.3% | $2,757-92.4% |
| Participant deferral / active EE | $242 | $3,115-92.2% | $4,525-94.7% | $4,299-94.4% |
| Admin fee / account holder | $76 | $4,990-98.5% | $6,162-98.8% | $6,924-98.9% |