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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 | $36,061 | $39,132-7.8% | $57,196-37.0% | $62,881-42.7% |
| Participation rate | 31.1% | 70.5%-39.3pp | 75.3%-44.2pp | 69.3%-38.2pp |
| Annual return | 6.56% | 9.24%-2.7pp | 14.59%-8.0pp | 20.14%-13.6pp |
| Employer contribution / active EE | $349 | $1,874-81.4% | $2,683-87.0% | $2,281-84.7% |
| Participant deferral / active EE | $1,432 | $2,374-39.7% | $3,096-53.8% | $3,203-55.3% |
| Admin fee / account holder | $256 | $2,594-90.2% | $3,141-91.9% | $4,296-94.1% |