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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 | $29,880 | $58,577-49.0% | $83,323-64.1% | $64,181-53.4% |
| Participation rate | 34.9% | 72.0%-37.1pp | 77.8%-42.9pp | 69.6%-34.7pp |
| Annual return | 0.00% | 9.65%-9.6pp | 10.63%-10.6pp | 7.63%-7.6pp |
| Employer contribution / active EE | $0 | $2,098-100.0% | $3,379-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $411 | $4,654-91.2% | $5,565-92.6% | $3,470-88.2% |
| Admin fee / account holder | $167 | $9,275-98.2% | $7,539-97.8% | $4,887-96.6% |