Filed January 15, 2025 (most recent of 2 filings on file)
Total covered: 18 employees
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY1+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $13,212 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,112 | $70,667-78.6% | $123,104-87.7% | $52,331-71.1% |
| Participation rate | 74.7% | 83.7%-9.0pp | 86.8%-12.1pp | 68.1%+6.6pp |
| Annual return | -2.66% | 6.23%-8.9pp | 13.22%-15.9pp | 4.54%-7.2pp |
| Employer contribution / active EE | $1,237 | $2,946-58.0% | $5,151-76.0% | $1,882-34.3% |
| Participant deferral / active EE | $1,766 | $4,493-60.7% | $6,230-71.6% | $3,022-41.6% |
| Admin fee / account holder | $73 | $506-85.6% | $9,015-99.2% | $592-87.7% |