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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 | $24,971 | $67,602-63.1% | $82,312-69.7% | $70,126-64.4% |
| Participation rate | 62.5% | 72.8%-10.3pp | 76.9%-14.4pp | 69.5%-7.0pp |
| Annual return | 14.90% | 21.57%-6.7pp | 25.88%-11.0pp | 73.15%-58.3pp |
| Employer contribution / active EE | $600 | $1,755-65.8% | $2,428-75.3% | $2,343-74.4% |
| Participant deferral / active EE | $1,328 | $2,987-55.5% | $3,706-64.2% | $3,332-60.1% |
| Admin fee / account holder | $145 | $4,512-96.8% | $5,608-97.4% | $4,645-96.9% |