Filed January 8, 2024
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY7+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $29,948 |
CMFG LIFE INSURANCE COMPANY2 years Filed as: MEMBERS CAPITAL ADVISORS, INC Service code 27 · EIN 42-0388260 | Advisory (Plan) | $8,548 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $103,087 | $137,414-25.0% | $189,513-45.6% | $85,850+20.1% |
| Participation rate | 96.9% | 84.6%+12.3pp | 87.8%+9.1pp | 69.3%+27.6pp |
| Annual return | 13.95% | 38.14%-24.2pp | 555.15%-541.2pp | 318.53%-304.6pp |
| Employer contribution / active EE | $4,026 | $4,344-7.3% | $6,162-34.7% | $2,565+57.0% |
| Participant deferral / active EE | $3,718 | $6,260-40.6% | $8,221-54.8% | $3,952-5.9% |
| Admin fee / account holder | $381 | $8,630-95.6% | $12,045-96.8% | $6,260-93.9% |