Filed February 21, 2024 (most recent of 6 filings on file)
Total covered: 2 employees
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 | $4,825 |
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).
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 | $81,176 | $81,537-0.4% | $149,718-45.8% | $69,631+16.6% |
| Participation rate | 84.5% | 86.1%-1.6pp | 87.1%-2.5pp | 70.7%+13.8pp |
| Annual return | 13.20% | 22.79%-9.6pp | 1501.63%-1488.4pp | 27571.02%-27557.8pp |
| Employer contribution / active EE | $3,325 | $3,239+2.7% | $5,445-38.9% | $2,032+63.6% |
| Participant deferral / active EE | $2,731 | $4,994-45.3% | $6,569-58.4% | $3,224-15.3% |
| Admin fee / account holder | $19 | $107-82.1% | $11,283-99.8% | $110-82.7% |