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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $132,059 | $117,746+12.2% | $256,809-48.6% | $69,733+89.4% |
| Participation rate | 99.3% | 77.1%+22.2pp | 88.5%+10.8pp | 62.5%+36.8pp |
| Annual return | 9.45% | 18.13%-8.7pp | 32.73%-23.3pp | 15.22%-5.8pp |
| Employer contribution / active EE | $3,936 | $4,123-4.5% | $7,263-45.8% | $2,250+74.9% |
| Participant deferral / active EE | $6,230 | $5,632+10.6% | $9,520-34.6% | $3,054+104.0% |
| Admin fee / account holder | $381 | $4,334-91.2% | $25,146-98.5% | $3,102-87.7% |