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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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,767 | $99,345-52.9% | $84,753-44.8% | $273,972-82.9% |
| Participation rate | 28.6% | 80.7%-52.1pp | 76.6%-48.0pp | 83.0%-54.4pp |
| Annual return | 2.36% | 22.93%-20.6pp | 22.78%-20.4pp | 41.46%-39.1pp |
| Employer contribution / active EE | $0 | $4,214-100.0% | $3,574-100.0% | $4,869-100.0% |
| Participant deferral / active EE | $273 | $4,270-93.6% | $3,712-92.6% | $5,287-94.8% |
| Admin fee / account holder | $85 | $6,645-98.7% | $5,333-98.4% | $10,133-99.2% |