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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 | $67,043 | $88,707-24.4% | $74,184-9.6% | $273,972-75.5% |
| Participation rate | 22.2% | 79.4%-57.2pp | 76.6%-54.4pp | 83.0%-60.8pp |
| Annual return | 6.61% | 11.94%-5.3pp | 17.74%-11.1pp | 41.46%-34.8pp |
| Employer contribution / active EE | $0 | $3,159-100.0% | $2,370-100.0% | $4,869-100.0% |
| Participant deferral / active EE | $277 | $4,212-93.4% | $3,550-92.2% | $5,287-94.8% |
| Admin fee / account holder | $150 | $8,717-98.3% | $5,586-97.3% | $10,133-98.5% |