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 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 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $1,349 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $26,637 | $43,999-39.5% | $79,464-66.5% | $55,725-52.2% |
| Participation rate | 69.5% | 66.9%+2.6pp | 73.3%-3.9pp | 70.9%-1.4pp |
| Annual return | 113.34% | 1.81%+111.5pp | 718.14%-604.8pp | 244.93%-131.6pp |
| Employer contribution / active EE | $886 | $1,830-51.5% | $2,800-68.3% | $2,078-57.3% |
| Participant deferral / active EE | $751 | $2,538-70.4% | $3,704-79.7% | $3,356-77.6% |
| Admin fee / account holder | $5 | $118-95.7% | $5,113-99.9% | $115-95.6% |