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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.
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 | $6,849 | $47,135-85.5% | $149,717-95.4% | $74,440-90.8% |
| Participation rate | 27.4% | 63.4%-36.0pp | 78.8%-51.3pp | 70.7%-43.3pp |
| Annual return | 29.60% | 22.75%+6.8pp | 134.41%-104.8pp | 34.37%-4.8pp |
| Employer contribution / active EE | $456 | $1,906-76.1% | $4,820-90.5% | $2,638-82.7% |
| Participant deferral / active EE | $889 | $2,728-67.4% | $5,682-84.3% | $4,529-80.4% |
| Admin fee / account holder | $247 | $343-27.9% | $13,213-98.1% | $348-28.9% |