Filed May 14, 2019 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY4 years Service code 15 · EIN 39-0230590 | Recordkeeping | $36,974 |
CMFG LIFE INSURANCE COMPANY4 years Filed as: MEMBERS CAPITAL ADVISORS, INC. Service code 27 · EIN 42-0388260 | Advisory (Plan) | $7,364 |
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).
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 | $73,659 | $138,385-46.8% | $184,243-60.0% | $80,925-9.0% |
| Participation rate | 98.6% | 83.9%+14.7pp | 86.8%+11.8pp | 67.7%+30.9pp |
| Annual return | 12.90% | 20.02%-7.1pp | 28.82%-15.9pp | 35.65%-22.8pp |
| Employer contribution / active EE | $3,917 | $4,851-19.2% | $6,427-39.0% | $2,756+42.1% |
| Participant deferral / active EE | $5,149 | $7,075-27.2% | $9,132-43.6% | $4,299+19.8% |
| Admin fee / account holder | $403 | $10,489-96.2% | $13,914-97.1% | $6,940-94.2% |