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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 | $2,423 | $53,596-95.5% | $90,657-97.3% | $64,173-96.2% |
| Participation rate | 46.3% | 64.5%-18.2pp | 74.0%-27.7pp | 69.6%-23.3pp |
| Annual return | 0.00% | 4.41%-4.4pp | 1.89%-1.9pp | 7.63%-7.6pp |
| Employer contribution / active EE | $0 | $1,503-100.0% | $2,532-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,423 | $2,459-42.1% | $3,424-58.4% | $3,470-59.0% |
| Admin fee / account holder | $77 | $3,868-98.0% | $4,994-98.5% | $4,887-98.4% |