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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 | $14,331 | $125,797-88.6% | $170,057-91.6% | $75,177-80.9% |
| Participation rate | 47.8% | 83.6%-35.8pp | 87.0%-39.2pp | 67.2%-19.4pp |
| Annual return | 23.35% | 27.20%-3.8pp | 53.42%-30.1pp | 160.75%-137.4pp |
| Employer contribution / active EE | $1,802 | $4,616-61.0% | $6,790-73.5% | $2,671-32.5% |
| Participant deferral / active EE | $2,731 | $6,838-60.1% | $10,411-73.8% | $4,126-33.8% |
| Admin fee / account holder | $143 | $8,177-98.3% | $12,826-98.9% | $5,651-97.5% |