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Lol staying "on the beach" sounds much more fun than"on the bench"
My fist year I had a 54% and got a 4 but I'm still employed (joined 3 years ago)
No you'll be fine as long as the low util is not your fault (i.e. You're not turning projects down and actively trying to stay on the beach)
Define "not your fault"...do people get a reprieve for their first year?
You and your RM should be actively seeking projects and (especially if it's your first year) you shouldn't say no.
Are you campus or exp hire? There should be some slack the first year, but make sure you are working with your RM and counselor
I'm an exp hire. To dude who got a 4, did they try to counsel you out of the firm? Why have you stayed?