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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 | $24,297 | $76,551-68.3% | $123,894-80.4% | $62,881-61.4% |
| Participation rate | 34.6% | 73.0%-38.4pp | 81.4%-46.8pp | 69.3%-34.7pp |
| Annual return | 8.57% | 18.68%-10.1pp | 47.52%-38.9pp | 20.14%-11.6pp |
| Employer contribution / active EE | $0 | $2,882-100.0% | $4,617-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,798 | $4,840-62.9% | $5,984-70.0% | $3,203-43.9% |
| Admin fee / account holder | $279 | $4,826-94.2% | $8,357-96.7% | $4,296-93.5% |