Filed August 20, 2009
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 | Claims processing; Recordkeeping and ... | $583 |
Employer contribution per participant 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 | $35,279 | $45,152-21.9% | $73,843-52.2% | $59,632-40.8% |
| Participation rate | 96.9% | 64.0%+32.9pp | 73.4%+23.4pp | 68.7%+28.2pp |
| Annual return | -0.41% | 27.40%-27.8pp | 2267.84%-2268.2pp | 2041.28%-2041.7pp |
| Employer contribution / active EE | $107 | $1,902-94.4% | $2,787-96.1% | $2,203-95.1% |
| Participant deferral / active EE | $2,069 | $2,574-19.6% | $3,583-42.3% | $3,192-35.2% |
| Admin fee / account holder | $15 | $3,516-99.6% | $4,880-99.7% | $4,297-99.6% |