Filed February 21, 2006
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 4-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 · EIN 13-1614399 300 INTERPACE PARKWAY · PARSIPPANY, NJ 07054 | Recordkeeping and information managem... | $5,017 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $18,781 | $43,423-56.7% | $78,689-76.1% | $55,167-66.0% |
| Participation rate | 94.7% | 68.0%+26.7pp | 73.6%+21.2pp | 69.0%+25.7pp |
| Annual return | -0.30% | 11.53%-11.8pp | 62.18%-62.5pp | 169.23%-169.5pp |
| Employer contribution / active EE | $1,768 | $1,997-11.5% | $2,851-38.0% | $1,963-9.9% |
| Participant deferral / active EE | $0 | $2,509-100.0% | $3,517-100.0% | $3,054-100.0% |
| Admin fee / account holder | $709 | $416+70.4% | $4,510-84.3% | $504+40.7% |