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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 | $104,485 | $72,486+44.1% | $87,103+20.0% | $72,976+43.2% |
| Participation rate | 16.0% | 72.8%-56.8pp | 76.9%-60.9pp | 69.5%-53.5pp |
| Annual return | 22.67% | 24.46%-1.8pp | 28.19%-5.5pp | 81.02%-58.3pp |
| Employer contribution / active EE | $584 | $1,894-69.2% | $2,521-76.8% | $2,440-76.1% |
| Participant deferral / active EE | $1,113 | $3,270-66.0% | $4,049-72.5% | $3,608-69.2% |
| Admin fee / account holder | $189 | $5,055-96.3% | $7,491-97.5% | $5,124-96.3% |