Filed February 21, 2024 (most recent of 6 filings on file)
Total covered: 2 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY1+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $5,025 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $71,266 | $68,413+4.2% | $123,105-42.1% | $55,191+29.1% |
| Participation rate | 69.3% | 84.5%-15.2pp | 86.8%-17.5pp | 69.2%+0.2pp |
| Annual return | -0.79% | 6.30%-7.1pp | 13.22%-14.0pp | 10.78%-11.6pp |
| Employer contribution / active EE | $2,645 | $3,050-13.3% | $5,151-48.7% | $1,899+39.3% |
| Participant deferral / active EE | $2,080 | $4,490-53.7% | $6,229-66.6% | $3,046-31.7% |
| Admin fee / account holder | $24 | $88-73.1% | $9,014-99.7% | $91-74.0% |