Filed September 27, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY6+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $74,377 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,700 | $136,307-65.0% | $177,848-73.2% | $73,497-35.1% |
| Participation rate | 98.3% | 86.1%+12.2pp | 87.7%+10.6pp | 70.7%+27.6pp |
| Annual return | 18.30% | 18.68%-0.4pp | 48.33%-30.0pp | 28.51%-10.2pp |
| Employer contribution / active EE | $4,680 | $3,712+26.1% | $5,919-20.9% | $2,270+106.2% |
| Participant deferral / active EE | $2,812 | $5,829-51.8% | $7,714-63.5% | $3,740-24.8% |
| Admin fee / account holder | $229 | $596-61.5% | $12,431-98.2% | $513-55.3% |