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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 | $12,696 | $86,940-85.4% | $102,434-87.6% | $80,935-84.3% |
| Participation rate | 39.7% | 72.4%-32.7pp | 76.5%-36.8pp | 67.7%-28.0pp |
| Annual return | 20.02% | 18.89%+1.1pp | 29.46%-9.4pp | 35.66%-15.6pp |
| Employer contribution / active EE | $889 | $2,370-62.5% | $3,023-70.6% | $2,757-67.7% |
| Participant deferral / active EE | $1,430 | $4,121-65.3% | $5,055-71.7% | $4,299-66.7% |
| Admin fee / account holder | $19 | $8,047-99.8% | $9,462-99.8% | $6,924-99.7% |