Filed October 3, 2023
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $5,731 | $39,132-85.4% | $57,196-90.0% | $62,881-90.9% |
| Participation rate | 65.2% | 70.5%-5.3pp | 75.3%-10.1pp | 69.3%-4.1pp |
| Annual return | 1.11% | 9.24%-8.1pp | 14.59%-13.5pp | 20.14%-19.0pp |
| Employer contribution / active EE | $956 | $1,874-49.0% | $2,683-64.4% | $2,281-58.1% |
| Participant deferral / active EE | $1,382 | $2,374-41.8% | $3,096-55.3% | $3,203-56.8% |
| Admin fee / account holder | $109 | $2,594-95.8% | $3,141-96.5% | $4,296-97.5% |