Filed August 30, 2023 (most recent of 4 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY2+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $24,221 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $29,631 | $74,089-60.0% | $133,975-77.9% | $55,167-46.3% |
| Participation rate | 92.5% | 84.3%+8.2pp | 87.1%+5.4pp | 69.0%+23.5pp |
| Annual return | 16.27% | 12.11%+4.2pp | 29.29%-13.0pp | 169.23%-153.0pp |
| Employer contribution / active EE | $1,454 | $3,064-52.5% | $5,211-72.1% | $1,963-25.9% |
| Participant deferral / active EE | $2,735 | $4,678-41.5% | $6,282-56.5% | $3,054-10.5% |
| Admin fee / account holder | $95 | $458-79.3% | $9,324-99.0% | $504-81.2% |