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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 | $16,298 | $87,180-81.3% | $173,703-90.6% | $94,015-82.7% |
| Participation rate | 21.1% | 65.6%-44.6pp | 75.9%-54.9pp | 70.8%-49.8pp |
| Annual return | 17.21% | 14.17%+3.0pp | 17.46%-0.2pp | 17.84%-0.6pp |
| Employer contribution / active EE | $0 | $2,494-100.0% | $4,288-100.0% | $2,790-100.0% |
| Participant deferral / active EE | $1,585 | $3,343-52.6% | $4,854-67.4% | $4,249-62.7% |
| Admin fee / account holder | $33 | $7,506-99.6% | $15,562-99.8% | $8,951-99.6% |