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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 | $34,208 | $82,028-58.3% | $123,105-72.2% | $59,633-42.6% |
| Participation rate | 29.0% | 83.2%-54.2pp | 86.8%-57.7pp | 68.7%-39.6pp |
| Annual return | -1.20% | 5.12%-6.3pp | 13.22%-14.4pp | 2041.45%-2042.7pp |
| Employer contribution / active EE | $661 | $3,297-79.9% | $5,151-87.2% | $2,203-70.0% |
| Participant deferral / active EE | $1,504 | $4,667-67.8% | $6,229-75.9% | $3,192-52.9% |
| Admin fee / account holder | $59 | $5,879-99.0% | $9,014-99.3% | $4,297-98.6% |