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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 | $18,680 | $61,660-69.7% | $80,022-76.7% | $64,173-70.9% |
| Participation rate | 25.6% | 71.7%-46.0pp | 75.8%-50.2pp | 69.6%-43.9pp |
| Annual return | -5.11% | -0.33%-4.8pp | 11.22%-16.3pp | 7.63%-12.7pp |
| Employer contribution / active EE | $0 | $1,810-100.0% | $2,468-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $320 | $2,968-89.2% | $3,686-91.3% | $3,470-90.8% |
| Admin fee / account holder | $25 | $5,417-99.5% | $6,521-99.6% | $4,887-99.5% |