Filed August 3, 2021 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $55,709 |
CMFG LIFE INSURANCE COMPANY5 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $26,905 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $132,059 | $132,0490% | $200,582-34.2% | $74,304+77.7% |
| Participation rate | 99.3% | 84.1%+15.2pp | 86.9%+12.4pp | 60.3%+39.0pp |
| Annual return | 9.45% | 22.22%-12.8pp | 42.33%-32.9pp | 29.43%-20.0pp |
| Employer contribution / active EE | $3,936 | $4,558-13.6% | $6,419-38.7% | $2,241+75.6% |
| Participant deferral / active EE | $6,230 | $7,213-13.6% | $9,331-33.2% | $3,767+65.4% |
| Admin fee / account holder | $381 | $2,405-84.2% | $16,305-97.7% | $2,969-87.2% |