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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 | $6,789 | $49,255-86.2% | $70,494-90.4% | $79,856-91.5% |
| Participation rate | 27.7% | 69.2%-41.5pp | 75.1%-47.4pp | 69.6%-42.0pp |
| Annual return | 25.89% | 30.10%-4.2pp | 109.16%-83.3pp | 31.71%-5.8pp |
| Employer contribution / active EE | $511 | $2,100-75.7% | $2,738-81.3% | $2,471-79.3% |
| Participant deferral / active EE | $709 | $2,768-74.4% | $3,711-80.9% | $3,741-81.0% |
| Admin fee / account holder | $205 | $2,879-92.9% | $3,848-94.7% | $5,306-96.1% |