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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 | $34,030 | $56,894-40.2% | $84,753-59.8% | $62,881-45.9% |
| Participation rate | 15.5% | 68.5%-53.0pp | 76.6%-61.1pp | 69.3%-53.8pp |
| Annual return | 5.63% | 6.30%-0.7pp | 22.78%-17.2pp | 20.14%-14.5pp |
| Employer contribution / active EE | $0 | $2,400-100.0% | $3,574-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $327 | $2,709-87.9% | $3,712-91.2% | $3,203-89.8% |
| Admin fee / account holder | $153 | $3,581-95.7% | $5,333-97.1% | $4,296-96.4% |