Filed January 8, 2024
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 COMPANY3+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $34,384 |
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.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,970 | $100,041-26.1% | $149,718-50.6% | $70,131+5.5% |
| Participation rate | 97.6% | 83.6%+14.0pp | 87.1%+10.6pp | 69.5%+28.1pp |
| Annual return | 11.59% | 27.43%-15.8pp | 1501.63%-1490.0pp | 73.14%-61.6pp |
| Employer contribution / active EE | $1,300 | $3,662-64.5% | $5,445-76.1% | $2,342-44.5% |
| Participant deferral / active EE | $2,893 | $4,983-41.9% | $6,569-56.0% | $3,332-13.2% |
| Admin fee / account holder | $315 | $8,286-96.2% | $11,283-97.2% | $4,645-93.2% |