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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 | $21,011 | $99,016-78.8% | $93,786-77.6% | $66,949-68.6% |
| Participation rate | 21.4% | 82.1%-60.7pp | 81.0%-59.6pp | 69.8%-48.4pp |
| Annual return | 0.00% | -14.59%+14.6pp | -11.32%+11.3pp | 1.57%-1.6pp |
| Employer contribution / active EE | $0 | $4,769-100.0% | $4,328-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $435 | $6,689-93.5% | $6,100-92.9% | $4,239-89.7% |
| Admin fee / account holder | $90 | $477-81.1% | $7,184-98.7% | $594-84.8% |