Filed April 13, 2023
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY6+ years Service code 15 | Recordkeeping | $16,602 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $11,672 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,555 | $137,414-56.7% | $189,513-68.6% | $85,850-30.6% |
| Participation rate | 92.5% | 84.6%+7.9pp | 87.8%+4.7pp | 69.3%+23.2pp |
| Annual return | 12.49% | 38.14%-25.7pp | 555.15%-542.7pp | 318.53%-306.0pp |
| Employer contribution / active EE | $3,476 | $4,344-20.0% | $6,162-43.6% | $2,565+35.5% |
| Participant deferral / active EE | $1,352 | $6,260-78.4% | $8,221-83.6% | $3,952-65.8% |
| Admin fee / account holder | $298 | $8,630-96.6% | $12,045-97.5% | $6,260-95.2% |