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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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,259 | $106,864-67.9% | $147,318-76.7% | $82,637-58.5% |
| Participation rate | 30.6% | 75.5%-44.9pp | 82.1%-51.5pp | 68.1%-37.4pp |
| Annual return | 20.61% | 27.49%-6.9pp | 70.43%-49.8pp | 53.51%-32.9pp |
| Employer contribution / active EE | $424 | $3,417-87.6% | $4,593-90.8% | $2,552-83.4% |
| Participant deferral / active EE | $1,054 | $6,496-83.8% | $7,906-86.7% | $4,126-74.5% |
| Admin fee / account holder | $5 | $8,415-99.9% | $13,708-100.0% | $7,339-99.9% |