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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY6+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $1,125 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,941 | $81,474-65.7% | $133,959-79.1% | $73,493-62.0% |
| Participation rate | 92.3% | 76.4%+15.9pp | 79.8%+12.5pp | 70.7%+21.6pp |
| Annual return | 10.56% | 19.40%-8.8pp | 45.09%-34.5pp | 28.51%-18.0pp |
| Employer contribution / active EE | $1,653 | $2,209-25.2% | $3,919-57.8% | $2,270-27.2% |
| Participant deferral / active EE | $3,442 | $3,786-9.1% | $5,047-31.8% | $3,740-8.0% |
| Admin fee / account holder | $6 | $713-99.2% | $8,928-99.9% | $513-98.8% |