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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 | $180,979 | $77,817+132.6% | $123,553+46.5% | $64,173+182.0% |
| Participation rate | 10.7% | 74.7%-64.0pp | 82.3%-71.6pp | 69.6%-58.9pp |
| Annual return | -7.31% | 12.49%-19.8pp | 119.21%-126.5pp | 7.63%-14.9pp |
| Employer contribution / active EE | $0 | $3,014-100.0% | $4,628-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,108 | $5,240-78.9% | $6,426-82.8% | $3,470-68.1% |
| Admin fee / account holder | $114 | $5,519-97.9% | $9,284-98.8% | $4,887-97.7% |