Filed December 5, 2022 (most recent of 4 filings on file)
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| 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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $110,139 | $111,491-1.2% | $189,537-41.9% | $86,821+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 | 555.34%-541.0pp | 97.94%-83.6pp |
| Employer contribution / active EE | $5,216 | $3,951+32.0% | $6,161-15.3% | $2,406+116.8% |
| Participant deferral / active EE | $5,117 | $6,437-20.5% | $8,220-37.7% | $4,132+23.9% |
| Admin fee / account holder | $365 | $189+93.6% | $12,048-97.0% | $170+115.4% |