Filed August 18, 2023 (most recent of 7 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 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $157,124 | $129,021+21.8% | $184,203-14.7% | $77,643+102.4% |
| Participation rate | 95.4% | 87.3%+8.1pp | 86.8%+8.6pp | 70.6%+24.8pp |
| Annual return | 14.78% | 33.27%-18.5pp | 28.81%-14.0pp | 31.24%-16.5pp |
| Employer contribution / active EE | $6,424 | $4,413+45.6% | $6,427-0.1% | $2,726+135.7% |
| Participant deferral / active EE | $8,031 | $7,297+10.1% | $9,131-12.0% | $4,647+72.8% |
| Admin fee / account holder | $491 | $254+93.3% | $13,901-96.5% | $430+14.0% |