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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 | $7,840 | $99,345-92.1% | $84,753-90.7% | $273,972-97.1% |
| Participation rate | 50.0% | 80.7%-30.7pp | 76.6%-26.6pp | 83.0%-33.0pp |
| Annual return | 7.74% | 22.93%-15.2pp | 22.78%-15.0pp | 41.46%-33.7pp |
| Employer contribution / active EE | $723 | $4,214-82.8% | $3,574-79.8% | $4,869-85.2% |
| Participant deferral / active EE | $895 | $4,270-79.0% | $3,712-75.9% | $5,287-83.1% |
| Admin fee / account holder | $97 | $6,645-98.5% | $5,333-98.2% | $10,133-99.0% |