Filed December 5, 2022 (most recent of 4 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY7+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $226,557 |
CMFG LIFE INSURANCE COMPANY2 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $91,285 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $110,139 | $111,491-1.2% | $189,513-41.9% | $86,799+26.9% |
| Participation rate | 99.6% | 87.3%+12.3pp | 87.8%+11.8pp | 72.3%+27.3pp |
| Annual return | 14.31% | 83.50%-69.2pp | 555.15%-540.8pp | 97.91%-83.6pp |
| Employer contribution / active EE | $5,216 | $3,951+32.0% | $6,162-15.3% | $2,405+116.9% |
| Participant deferral / active EE | $5,117 | $6,437-20.5% | $8,221-37.8% | $4,131+23.9% |
| Admin fee / account holder | $365 | $189+93.6% | $12,045-97.0% | $170+115.5% |