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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 | $9,892 | $61,660-84.0% | $80,022-87.6% | $64,173-84.6% |
| Participation rate | 41.5% | 71.7%-30.2pp | 75.8%-34.4pp | 69.6%-28.1pp |
| Annual return | -5.75% | -0.33%-5.4pp | 11.22%-17.0pp | 7.63%-13.4pp |
| Employer contribution / active EE | $446 | $1,810-75.4% | $2,468-81.9% | $2,381-81.3% |
| Participant deferral / active EE | $460 | $2,968-84.5% | $3,686-87.5% | $3,470-86.7% |
| Admin fee / account holder | $0 | $5,417-100.0% | $6,521-100.0% | $4,887-100.0% |