Filed August 27, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY8+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $57,275 |
CMFG LIFE INSURANCE COMPANY4 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $13,625 |
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 | $84,873 | $102,661-17.3% | $151,639-44.0% | $66,938+26.8% |
| Participation rate | 82.2% | 85.5%-3.4pp | 87.5%-5.3pp | 69.8%+12.3pp |
| Annual return | -16.55% | -10.81%-5.7pp | 3.34%-19.9pp | 1.58%-18.1pp |
| Employer contribution / active EE | $5,023 | $4,184+20.1% | $6,165-18.5% | $2,545+97.4% |
| Participant deferral / active EE | $2,009 | $6,645-69.8% | $8,363-76.0% | $4,238-52.6% |
| Admin fee / account holder | $420 | $630-33.5% | $11,613-96.4% | $594-29.3% |