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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 | $7,442 | $58,828-87.3% | $78,002-90.5% | $62,881-88.2% |
| Participation rate | 37.2% | 71.1%-33.9pp | 75.5%-38.3pp | 69.3%-32.1pp |
| Annual return | 7.02% | 17.16%-10.1pp | 425.99%-419.0pp | 20.14%-13.1pp |
| Employer contribution / active EE | $456 | $1,672-72.7% | $2,470-81.6% | $2,281-80.0% |
| Participant deferral / active EE | $500 | $2,686-81.4% | $3,497-85.7% | $3,203-84.4% |
| Admin fee / account holder | $237 | $4,393-94.6% | $5,481-95.7% | $4,296-94.5% |