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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 | $7,823 | $52,580-85.1% | $71,671-89.1% | $70,126-88.8% |
| Participation rate | 54.1% | 60.9%-6.8pp | 68.7%-14.7pp | 69.5%-15.5pp |
| Annual return | 0.00% | 20.25%-20.3pp | 20.65%-20.6pp | 73.15%-73.1pp |
| Employer contribution / active EE | $266 | $1,616-83.5% | $2,460-89.2% | $2,343-88.6% |
| Participant deferral / active EE | $395 | $2,386-83.5% | $3,438-88.5% | $3,332-88.2% |
| Admin fee / account holder | $31 | $3,653-99.2% | $5,558-99.4% | $4,645-99.3% |