Filed November 9, 2005 (most recent of 2 filings on file)
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 AVE · NEW YORK, NY 10022 | Account maintenance fees; Participant... | $2,099 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $26,385 | $54,237-51.4% | $90,281-70.8% | $67,579-61.0% |
| Participation rate | 25.8% | 68.6%-42.8pp | 73.3%-47.4pp | 71.3%-45.4pp |
| Annual return | 23.80% | 37.27%-13.5pp | 78.10%-54.3pp | 378.56%-354.8pp |
| Employer contribution / active EE | $348 | $1,846-81.1% | $2,854-87.8% | $2,148-83.8% |
| Participant deferral / active EE | $680 | $2,625-74.1% | $3,885-82.5% | $3,539-80.8% |
| Admin fee / account holder | $11 | $123-91.1% | $5,351-99.8% | $142-92.3% |