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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,471 | $98,766-86.4% | $149,730-91.0% | $79,852-83.1% |
| Participation rate | 39.6% | 75.8%-36.2pp | 82.5%-42.9pp | 69.6%-30.0pp |
| Annual return | 19.56% | 27.43%-7.9pp | 276.70%-257.1pp | 31.72%-12.2pp |
| Employer contribution / active EE | $0 | $3,217-100.0% | $4,645-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $742 | $5,681-86.9% | $6,843-89.2% | $3,740-80.2% |
| Admin fee / account holder | $81 | $6,052-98.7% | $9,310-99.1% | $5,306-98.5% |