Filed October 21, 2022
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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 | $4,626 | $82,882-94.4% | $127,803-96.4% | $72,975-93.7% |
| Participation rate | 52.4% | 71.5%-19.1pp | 79.0%-26.6pp | 69.5%-17.1pp |
| Annual return | 0.00% | 32.20%-32.2pp | 26.14%-26.1pp | 81.01%-81.0pp |
| Employer contribution / active EE | $802 | $3,346-76.0% | $4,576-82.5% | $2,440-67.1% |
| Participant deferral / active EE | $1,699 | $4,791-64.5% | $6,023-71.8% | $3,608-52.9% |
| Admin fee / account holder | $6 | $6,487-99.9% | $9,399-99.9% | $5,124-99.9% |