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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 | $6,172 | $61,660-90.0% | $80,022-92.3% | $64,173-90.4% |
| Participation rate | 60.5% | 71.7%-11.2pp | 75.8%-15.3pp | 69.6%-9.0pp |
| Annual return | 6.71% | -0.33%+7.0pp | 11.22%-4.5pp | 7.63%-0.9pp |
| Employer contribution / active EE | $305 | $1,810-83.2% | $2,468-87.6% | $2,381-87.2% |
| Participant deferral / active EE | $1,550 | $2,968-47.8% | $3,686-57.9% | $3,470-55.3% |
| Admin fee / account holder | $298 | $5,417-94.5% | $6,521-95.4% | $4,887-93.9% |