Filed October 18, 2004
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Account maintenance fees; Participant... | $9,959 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,074 | $37,196-51.4% | $154,107-88.3% | $55,725-67.6% |
| Participation rate | 61.0% | 64.1%-3.0pp | 83.0%-22.0pp | 70.9%-9.8pp |
| Annual return | 7.93% | 1319.68%-1311.7pp | 735.12%-727.2pp | 244.93%-237.0pp |
| Employer contribution / active EE | $2,213 | $1,614+37.1% | $5,298-58.2% | $2,078+6.5% |
| Participant deferral / active EE | $414 | $2,068-80.0% | $5,081-91.8% | $3,356-87.7% |
| Admin fee / account holder | $16 | $102-84.7% | $13,411-99.9% | $115-86.5% |