Retirement plan

MUTUAL OF AMERICA LIFE INSURANCE CO. - CONTRIBUTION PROTOTYPE PENSION PLAN AS ADOPTED BY HEALTH ASSOCIATION OF ERIE COUNTY, INC.

Name: MENTAL HEALTH ASSOCIATION OF ERIE COUNTY, INC. - MUTUAL OF AMERICA LIFE INSURANCE CO. - CONTRIBUTION PROTOTYPE PENSION PLAN AS ADOPTED BY HEALTH ASSOCIATION OF ERIE COUNTY, INC. (2021) Form 5500
Creator: MENTAL HEALTH ASSOCIATION OF ERIE COUNTY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MUTUAL OF AMERICA LIFE INSURANCE CO. - CONTRIBUTION PROTOTYPE PENSION PLAN AS ADOPTED BY HEALTH ASSOCIATION OF ERIE COUNTY, INC., MENTAL HEALTH ASSOCIATION OF ERIE COUNTY, INC.

MENTAL HEALTH ASSOCIATION OF ERIE COUNTY, INC.EIN 16-6050686Plan #003PY 2021

1021 BROADWAY ST., 5TH FLOOR - BUFFALO, NY 142121460716-886-1242eriemha.orgLinkedIn11-50 employeesmental health care

Other plans on this EIN

1 filing

#002Retirement-$595K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.4M

+28.6% from 2020

Total participants

+31.5% from 2020

Average account balance

$22,682

+5.8% from 2020

Annual return

19.47%

-13.80 pp from 2020

Benchmarks

See 18,811 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,811 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

See the 8-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.

Start for $4.99 See plans

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$9K

$165 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.610%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,682

$95,416-76.2%

$185,823-87.8%

$85,850-73.6%

Participation rate

82.7%

68.8%+13.9pp

81.7%+1.0pp

69.3%+13.4pp

Annual return

19.47%

23.59%-4.1pp

122.05%-102.6pp

318.53%-299.1pp

Employer contribution / active EE

$964

$3,314-70.9%

$5,167-81.3%

$2,565-62.4%

Participant deferral / active EE

$1,105

$3,423-67.7%

$5,568-80.2%

$3,952-72.0%

Admin fee / account holder

$138

$7,213-98.1%

$16,237-99.1%

$6,260-97.8%

MUTUAL OF AMERICA LIFE INSURANCE CO. - CONTRIBUTION PROTOTYPE PENSION PLAN AS ADOPTED BY HEALTH ASSOCIATION OF ERIE COUNTY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MUTUAL OF AMERICA LIFE INSURANCE CO. - CONTRIBUTION PROTOTYPE PENSION PLAN AS ADOPTED BY HEALTH ASSOCIATION OF ERIE COUNTY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion