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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 | $7,266 | $73,848-90.2% | $143,799-94.9% | $68,486-89.4% |
| Participation rate | 35.3% | 66.7%-31.4pp | 80.3%-45.0pp | 67.9%-32.6pp |
| Annual return | 0.00% | 0.91%-0.9pp | -0.04%0pp | -7.85%+7.9pp |
| Employer contribution / active EE | $876 | $3,184-72.5% | $4,952-82.3% | $2,597-66.3% |
| Participant deferral / active EE | $2,226 | $3,385-34.2% | $5,638-60.5% | $4,028-44.7% |
| Admin fee / account holder | $244 | $5,755-95.8% | $14,677-98.3% | $5,404-95.5% |