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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,438 | $52,306-53.3% | $69,779-65.0% | $62,881-61.1% |
| Participation rate | 38.7% | 67.2%-28.5pp | 71.8%-33.1pp | 69.3%-30.6pp |
| Annual return | 5.47% | 13.35%-7.9pp | 12.99%-7.5pp | 20.14%-14.7pp |
| Employer contribution / active EE | $603 | $1,799-66.5% | $2,338-74.2% | $2,281-73.6% |
| Participant deferral / active EE | $746 | $2,395-68.8% | $2,931-74.5% | $3,203-76.7% |
| Admin fee / account holder | $0 | $3,691-100.0% | $4,381-100.0% | $4,296-100.0% |