Filed August 27, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $70,773 |
CMFG LIFE INSURANCE COMPANY6 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $17,337 |
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 | $101,793 | $122,063-16.6% | $184,256-44.8% | $74,478+36.7% |
| Participation rate | 84.5% | 85.5%-0.9pp | 86.8%-2.3pp | 67.2%+17.3pp |
| Annual return | 12.81% | 19.92%-7.1pp | 28.85%-16.0pp | 1370.56%-1357.7pp |
| Employer contribution / active EE | $5,313 | $4,539+17.0% | $6,427-17.3% | $2,626+102.3% |
| Participant deferral / active EE | $2,223 | $7,144-68.9% | $9,133-75.7% | $4,350-48.9% |
| Admin fee / account holder | $452 | $1,253-63.9% | $13,899-96.7% | $1,946-76.8% |