Filed August 3, 2021 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY8+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $46,713 |
CMFG LIFE INSURANCE COMPANY3 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $22,481 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $117,052 | $130,294-10.2% | $170,043-31.2% | $71,511+63.7% |
| Participation rate | 98.5% | 86.2%+12.4pp | 87.0%+11.5pp | 67.9%+30.6pp |
| Annual return | -0.16% | 20.36%-20.5pp | 53.40%-53.6pp | 28.86%-29.0pp |
| Employer contribution / active EE | $3,670 | $4,385-16.3% | $6,790-46.0% | $2,589+41.7% |
| Participant deferral / active EE | $5,732 | $6,928-17.3% | $10,410-44.9% | $4,291+33.6% |
| Admin fee / account holder | $334 | $966-65.4% | $12,824-97.4% | $1,588-79.0% |