Filed November 18, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY1+ years Service code 60 | Sub-TA Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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.
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 | $19,244 | $82,028-76.5% | $123,105-84.4% | $59,633-67.7% |
| Participation rate | 62.5% | 83.2%-20.7pp | 86.8%-24.3pp | 68.7%-6.2pp |
| Annual return | -0.16% | 5.12%-5.3pp | 13.22%-13.4pp | 2041.45%-2041.6pp |
| Employer contribution / active EE | $0 | $3,297-100.0% | $5,151-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $1,488 | $4,667-68.1% | $6,229-76.1% | $3,192-53.4% |
| Admin fee / account holder | $9 | $5,879-99.8% | $9,014-99.9% | $4,297-99.8% |