Filed August 3, 2021 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY7+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $52,911 |
CMFG LIFE INSURANCE COMPANY2 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $24,931 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $123,874 | $102,661+20.7% | $151,639-18.3% | $66,938+85.1% |
| Participation rate | 97.3% | 85.5%+11.7pp | 87.5%+9.8pp | 69.8%+27.4pp |
| Annual return | -4.92% | -10.81%+5.9pp | 3.34%-8.3pp | 1.58%-6.5pp |
| Employer contribution / active EE | $3,255 | $4,184-22.2% | $6,165-47.2% | $2,545+27.9% |
| Participant deferral / active EE | $5,084 | $6,645-23.5% | $8,363-39.2% | $4,238+19.9% |
| Admin fee / account holder | $393 | $630-37.6% | $11,613-96.6% | $594-33.8% |