Filed February 21, 2024 (most recent of 6 filings on file)
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY2+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $2,801 |
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 | $74,533 | $71,802+3.8% | $133,975-44.4% | $57,658+29.3% |
| Participation rate | 73.2% | 85.5%-12.3pp | 87.1%-13.9pp | 70.2%+2.9pp |
| Annual return | 6.56% | 13.51%-6.9pp | 29.29%-22.7pp | 5.13%+1.4pp |
| Employer contribution / active EE | $3,034 | $3,161-4.0% | $5,211-41.8% | $1,974+53.7% |
| Participant deferral / active EE | $2,289 | $4,606-50.3% | $6,282-63.6% | $3,061-25.2% |
| Admin fee / account holder | $12 | $88-86.1% | $9,324-99.9% | $95-87.1% |