Filed October 14, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $7,347 | $58,888-87.5% | $178,499-95.9% | $73,493-90.0% |
| Participation rate | 41.9% | 66.2%-24.4pp | 81.9%-40.0pp | 70.7%-28.8pp |
| Annual return | 0.00% | 24.86%-24.9pp | 151.10%-151.1pp | 28.51%-28.5pp |
| Employer contribution / active EE | $845 | $2,236-62.2% | $5,011-83.1% | $2,270-62.8% |
| Participant deferral / active EE | $1,303 | $2,568-49.3% | $5,202-75.0% | $3,740-65.2% |
| Admin fee / account holder | $101 | $400-74.8% | $13,986-99.3% | $513-80.4% |