Filed January 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 48-1205033 | Recordkeeping | $23,807 |
CMFG LIFE INSURANCE COMPANY4+ years Service code 60 | Sub-TA Fees | $0 |
Employer 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.
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 | $16,851 | $79,523-78.8% | $140,019-88.0% | $56,289-70.1% |
| Participation rate | 98.5% | 85.7%+12.8pp | 87.5%+11.0pp | 69.9%+28.7pp |
| Annual return | -5.67% | 2.39%-8.1pp | 651.17%-656.8pp | -9.96%+4.3pp |
| Employer contribution / active EE | $1,167 | $3,350-65.2% | $5,605-79.2% | $2,111-44.7% |
| Participant deferral / active EE | $3,414 | $5,129-33.4% | $6,927-50.7% | $3,350+1.9% |
| Admin fee / account holder | $138 | $614-77.6% | $10,705-98.7% | $521-73.6% |