Filed May 17, 2023
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 15 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $0 |
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $24,064 | $46,173-47.9% | $170,442-85.9% | $69,631-65.4% |
| Participation rate | 96.0% | 63.9%+32.1pp | 83.6%+12.4pp | 70.7%+25.3pp |
| Annual return | 22.97% | 21.62%+1.3pp | 205.93%-183.0pp | 27571.02%-27548.1pp |
| Employer contribution / active EE | $1,020 | $1,610-36.6% | $5,433-81.2% | $2,032-49.8% |
| Participant deferral / active EE | $2,818 | $2,080+35.4% | $4,939-43.0% | $3,224-12.6% |
| Admin fee / account holder | $0 | $116-100.0% | $13,880-100.0% | $110-100.0% |