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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 | $11,866 | $58,895-79.9% | $178,503-93.4% | $73,497-83.9% |
| Participation rate | 32.7% | 66.2%-33.6pp | 81.9%-49.3pp | 70.7%-38.0pp |
| Annual return | 22.13% | 24.86%-2.7pp | 151.12%-129.0pp | 28.51%-6.4pp |
| Employer contribution / active EE | $295 | $2,236-86.8% | $5,011-94.1% | $2,270-87.0% |
| Participant deferral / active EE | $1,593 | $2,567-38.0% | $5,202-69.4% | $3,740-57.4% |
| Admin fee / account holder | $125 | $400-68.8% | $13,987-99.1% | $513-75.6% |