Filed January 19, 2024
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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 | $28,790 | $60,989-52.8% | $60,919-52.7% | $66,949-57.0% |
| Participation rate | 48.9% | 74.5%-25.6pp | 73.1%-24.2pp | 69.8%-21.0pp |
| Annual return | 0.00% | -9.60%+9.6pp | 16.96%-17.0pp | 1.57%-1.6pp |
| Employer contribution / active EE | $162 | $2,661-93.9% | $2,704-94.0% | $2,545-93.6% |
| Participant deferral / active EE | $521 | $3,615-85.6% | $3,814-86.3% | $4,239-87.7% |
| Admin fee / account holder | $19 | $338-94.4% | $3,228-99.4% | $594-96.8% |