Filed August 18, 2023 (most recent of 7 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $291,623 |
CMFG LIFE INSURANCE COMPANY5 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $107,388 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $157,124 | $129,227+21.6% | $184,256-14.7% | $77,762+102.1% |
| Participation rate | 95.4% | 87.4%+8.0pp | 86.8%+8.6pp | 70.6%+24.8pp |
| Annual return | 14.78% | 33.24%-18.5pp | 28.85%-14.1pp | 31.27%-16.5pp |
| Employer contribution / active EE | $6,424 | $4,412+45.6% | $6,427-0.1% | $2,728+135.5% |
| Participant deferral / active EE | $8,031 | $7,307+9.9% | $9,133-12.1% | $4,651+72.7% |
| Admin fee / account holder | $491 | $256+91.9% | $13,899-96.5% | $433+13.4% |