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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 | $44,331 | $56,894-22.1% | $84,753-47.7% | $62,881-29.5% |
| Participation rate | 45.2% | 68.5%-23.4pp | 76.6%-31.4pp | 69.3%-24.1pp |
| Annual return | 5.16% | 6.30%-1.1pp | 22.78%-17.6pp | 20.14%-15.0pp |
| Employer contribution / active EE | $0 | $2,400-100.0% | $3,574-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $465 | $2,709-82.8% | $3,712-87.5% | $3,203-85.5% |
| Admin fee / account holder | $86 | $3,581-97.6% | $5,333-98.4% | $4,296-98.0% |