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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,412 | $81,476-60.2% | $102,383-68.3% | $80,925-59.9% |
| Participation rate | 23.3% | 66.8%-43.5pp | 74.5%-51.2pp | 67.7%-44.3pp |
| Annual return | 12.40% | 25.59%-13.2pp | 24.94%-12.5pp | 35.65%-23.2pp |
| Employer contribution / active EE | $782 | $3,105-74.8% | $3,870-79.8% | $2,756-71.6% |
| Participant deferral / active EE | $1,691 | $3,871-56.3% | $5,060-66.6% | $4,299-60.7% |
| Admin fee / account holder | $2 | $6,717-100.0% | $8,391-100.0% | $6,940-100.0% |