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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 | $4,712 | $76,551-93.8% | $123,894-96.2% | $62,881-92.5% |
| Participation rate | 51.4% | 73.0%-21.6pp | 81.4%-30.1pp | 69.3%-18.0pp |
| Annual return | 16.85% | 18.68%-1.8pp | 47.52%-30.7pp | 20.14%-3.3pp |
| Employer contribution / active EE | $1,136 | $2,882-60.6% | $4,617-75.4% | $2,281-50.2% |
| Participant deferral / active EE | $1,372 | $4,840-71.6% | $5,984-77.1% | $3,203-57.2% |
| Admin fee / account holder | $44 | $4,826-99.1% | $8,357-99.5% | $4,296-99.0% |