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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 | $79,894-79.6% | $135,792-88.0% | $82,637-80.3% |
| Participation rate | 21.1% | 63.0%-41.9pp | 72.6%-51.5pp | 68.1%-47.0pp |
| Annual return | 17.21% | 17.20%0pp | 25.96%-8.7pp | 53.51%-36.3pp |
| Employer contribution / active EE | $0 | $2,165-100.0% | $3,496-100.0% | $2,552-100.0% |
| Participant deferral / active EE | $1,585 | $3,194-50.4% | $4,759-66.7% | $4,126-61.6% |
| Admin fee / account holder | $33 | $6,434-99.5% | $12,266-99.7% | $7,339-99.6% |