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. (2022) 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 2022

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

Other plans on this EIN

1 filing

#002Retirement-$549K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

-6.7% from 2021

Total participants

+16.9% from 2021

Average account balance

$17,979

-20.7% from 2021

Annual return

-14.73%

-34.20 pp from 2021

Benchmarks

See 19,711 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,711 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

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

Free accounts unlock saves, downloads, and 3-year history.

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$28K

$497 / participant

Other / not subdivided$28K100.0%

% of EOY assets

2.158%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,979

$73,867-75.7%

$143,770-87.5%

$68,498-73.8%

Participation rate

82.5%

66.7%+15.8pp

80.3%+2.1pp

67.9%+14.6pp

Annual return

-14.73%

1.01%-15.7pp

-0.04%-14.7pp

-7.84%-6.9pp

Employer contribution / active EE

$1,084

$3,184-65.9%

$4,951-78.1%

$2,596-58.2%

Participant deferral / active EE

$1,390

$3,384-58.9%

$5,638-75.3%

$4,027-65.5%

Admin fee / account holder

$388

$5,755-93.3%

$14,673-97.4%

$5,403-92.8%

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