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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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,239 | $76,551-94.5% | $123,894-96.6% | $62,881-93.3% |
| Participation rate | 23.4% | 73.0%-49.6pp | 81.4%-58.0pp | 69.3%-45.9pp |
| Annual return | 9.67% | 18.68%-9.0pp | 47.52%-37.8pp | 20.14%-10.5pp |
| Employer contribution / active EE | $0 | $2,882-100.0% | $4,617-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $557 | $4,840-88.5% | $5,984-90.7% | $3,203-82.6% |
| Admin fee / account holder | $230 | $4,826-95.2% | $8,357-97.3% | $4,296-94.7% |