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 | $128,603+2.7% | $197,124-33.0% | $67,986+94.2% |
| Participation rate | 99.3% | 81.7%+17.6pp | 86.7%+12.6pp | 57.2%+42.1pp |
| Annual return | 9.45% | 23.77%-14.3pp | 44.34%-34.9pp | 31.67%-22.2pp |
| Employer contribution / active EE | $3,936 | $4,379-10.1% | $6,227-36.8% | $2,019+95.0% |
| Participant deferral / active EE | $6,230 | $6,840-8.9% | $9,135-31.8% | $3,358+85.5% |
| Admin fee / account holder | $381 | $3,035-87.5% | $16,298-97.7% | $3,203-88.1% |