Filed September 17, 2024
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $1,068 | $52,678-98.0% | $75,784-98.6% | $59,633-98.2% |
| Participation rate | 48.6% | 67.2%-18.6pp | 75.8%-27.2pp | 68.7%-20.1pp |
| Annual return | 0.00% | 2.95%-3.0pp | 9.68%-9.7pp | 2041.47%-2041.5pp |
| Employer contribution / active EE | $526 | $2,193-76.0% | $3,323-84.2% | $2,203-76.1% |
| Participant deferral / active EE | $0 | $2,591-100.0% | $3,652-100.0% | $3,192-100.0% |
| Admin fee / account holder | $0 | $3,610-100.0% | $5,300-100.0% | $4,297-100.0% |