Filed November 14, 2024 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY4+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $25,507 |
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).
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 | $22,738 | $79,523-71.4% | $140,019-83.8% | $56,289-59.6% |
| Participation rate | 91.4% | 85.7%+5.7pp | 87.5%+3.9pp | 69.9%+21.5pp |
| Annual return | -7.37% | 2.39%-9.8pp | 651.17%-658.5pp | -9.96%+2.6pp |
| Employer contribution / active EE | $1,284 | $3,350-61.7% | $5,605-77.1% | $2,111-39.2% |
| Participant deferral / active EE | $2,895 | $5,129-43.6% | $6,927-58.2% | $3,350-13.6% |
| Admin fee / account holder | $86 | $614-86.0% | $10,705-99.2% | $521-83.5% |