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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 | $62,180 | $81,504-23.7% | $102,437-39.3% | $80,959-23.2% |
| Participation rate | 30.9% | 66.9%-36.0pp | 74.5%-43.6pp | 67.7%-36.8pp |
| Annual return | 11.13% | 25.60%-14.5pp | 24.95%-13.8pp | 35.67%-24.5pp |
| Employer contribution / active EE | $0 | $3,104-100.0% | $3,871-100.0% | $2,757-100.0% |
| Participant deferral / active EE | $1,441 | $3,871-62.8% | $5,060-71.5% | $4,300-66.5% |
| Admin fee / account holder | $8 | $6,719-99.9% | $8,388-99.9% | $6,925-99.9% |