Filed January 27, 2018 (most recent of 2 filings on file)
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 COMPANY4+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $48,605 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $65,392 | $79,523-17.8% | $140,016-53.3% | $56,287+16.2% |
| Participation rate | 95.2% | 85.7%+9.5pp | 87.5%+7.7pp | 69.9%+25.4pp |
| Annual return | -4.35% | 2.39%-6.7pp | 651.12%-655.5pp | -9.96%+5.6pp |
| Employer contribution / active EE | $3,804 | $3,350+13.5% | $5,606-32.1% | $2,111+80.2% |
| Participant deferral / active EE | $4,241 | $5,129-17.3% | $6,927-38.8% | $3,350+26.6% |
| Admin fee / account holder | $316 | $614-48.6% | $10,705-97.1% | $521-39.4% |