Filed October 6, 2023
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,098 | $42,383+63.0% | $76,518-9.7% | $64,173+7.7% |
| Participation rate | 55.0% | 58.1%-3.1pp | 68.0%-13.0pp | 69.6%-14.6pp |
| Annual return | -14.10% | -16.54%+2.4pp | -0.27%-13.8pp | 7.63%-21.7pp |
| Employer contribution / active EE | $287 | $1,563-81.7% | $2,647-89.2% | $2,381-88.0% |
| Participant deferral / active EE | $778 | $2,566-69.7% | $3,836-79.7% | $3,470-77.6% |
| Admin fee / account holder | $105 | $3,198-96.7% | $4,849-97.8% | $4,887-97.9% |