Filed August 27, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY11+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $77,767 |
CMFG LIFE INSURANCE COMPANY7 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $19,160 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $104,276 | $128,603-18.9% | $197,124-47.1% | $67,986+53.4% |
| Participation rate | 88.9% | 81.7%+7.3pp | 86.7%+2.2pp | 57.2%+31.7pp |
| Annual return | 14.79% | 23.77%-9.0pp | 44.34%-29.6pp | 31.67%-16.9pp |
| Employer contribution / active EE | $6,034 | $4,379+37.8% | $6,227-3.1% | $2,019+198.9% |
| Participant deferral / active EE | $2,191 | $6,840-68.0% | $9,135-76.0% | $3,358-34.7% |
| Admin fee / account holder | $459 | $3,035-84.9% | $16,298-97.2% | $3,203-85.7% |