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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 | $10,058 | $51,708-80.5% | $106,619-90.6% | $62,881-84.0% |
| Participation rate | 51.2% | 66.9%-15.7pp | 78.0%-26.8pp | 69.3%-18.1pp |
| Annual return | 0.00% | 4.69%-4.7pp | 9.42%-9.4pp | 20.14%-20.1pp |
| Employer contribution / active EE | $0 | $1,764-100.0% | $3,947-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $392 | $2,315-83.1% | $3,930-90.0% | $3,203-87.8% |
| Admin fee / account holder | $69 | $3,349-97.9% | $6,418-98.9% | $4,296-98.4% |