Filed January 8, 2024 (most recent of 3 filings on file)
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; Participant loan p... | $2,581 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,793 | $37,196-73.7% | $154,107-93.6% | $55,725-82.4% |
| Participation rate | 88.7% | 64.1%+24.6pp | 83.0%+5.7pp | 70.9%+17.9pp |
| Annual return | -5.37% | 1319.68%-1325.1pp | 735.12%-740.5pp | 244.93%-250.3pp |
| Employer contribution / active EE | $465 | $1,614-71.2% | $5,298-91.2% | $2,078-77.6% |
| Participant deferral / active EE | $1,061 | $2,068-48.7% | $5,081-79.1% | $3,356-68.4% |
| Admin fee / account holder | $5 | $102-95.0% | $13,411-100.0% | $115-95.6% |