Filed March 14, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY1+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $56,593 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $68,601 | $70,667-2.9% | $123,106-44.3% | $52,331+31.1% |
| Participation rate | 79.9% | 83.7%-3.8pp | 86.8%-6.9pp | 68.1%+11.8pp |
| Annual return | -0.57% | 6.23%-6.8pp | 13.22%-13.8pp | 4.54%-5.1pp |
| Employer contribution / active EE | $6,874 | $2,946+133.3% | $5,151+33.4% | $1,882+265.3% |
| Participant deferral / active EE | $0 | $4,493-100.0% | $6,229-100.0% | $3,022-100.0% |
| Admin fee / account holder | $323 | $506-36.2% | $9,015-96.4% | $592-45.3% |