Filed August 16, 2019
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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 | $7,478 | $65,034-88.5% | $90,970-91.8% | $79,856-90.6% |
| Participation rate | 67.9% | 61.6%+6.2pp | 69.0%-1.2pp | 69.6%-1.8pp |
| Annual return | 0.00% | 30.45%-30.5pp | 134.60%-134.6pp | 31.71%-31.7pp |
| Employer contribution / active EE | $2,577 | $1,247+106.6% | $2,122+21.5% | $2,471+4.3% |
| Participant deferral / active EE | $2,671 | $2,512+6.3% | $3,373-20.8% | $3,741-28.6% |
| Admin fee / account holder | $79 | $4,536-98.3% | $5,961-98.7% | $5,306-98.5% |