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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 | $10,965 | $63,773-82.8% | $81,286-86.5% | $80,925-86.4% |
| Participation rate | 6.5% | 63.9%-57.4pp | 69.5%-63.0pp | 67.7%-61.1pp |
| Annual return | 11.24% | 16.37%-5.1pp | 24.80%-13.6pp | 35.65%-24.4pp |
| Employer contribution / active EE | $0 | $1,979-100.0% | $2,463-100.0% | $2,756-100.0% |
| Participant deferral / active EE | $251 | $3,093-91.9% | $3,883-93.5% | $4,299-94.2% |
| Admin fee / account holder | $116 | $5,682-98.0% | $5,764-98.0% | $6,940-98.3% |