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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 | $17,549 | $64,729-72.9% | $112,263-84.4% | $68,490-74.4% |
| Participation rate | 24.1% | 67.2%-43.0pp | 75.1%-50.9pp | 67.9%-43.8pp |
| Annual return | -19.09% | -11.40%-7.7pp | 27.49%-46.6pp | -7.85%-11.2pp |
| Employer contribution / active EE | $687 | $2,746-75.0% | $3,636-81.1% | $2,597-73.5% |
| Participant deferral / active EE | $970 | $3,566-72.8% | $4,729-79.5% | $4,028-75.9% |
| Admin fee / account holder | $128 | $5,222-97.5% | $6,410-98.0% | $5,403-97.6% |