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 | Claims processing; Participant loan p... | $1,904 |
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).
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 | $34,501 | $52,670-34.5% | $90,404-61.8% | $73,409-53.0% |
| Participation rate | 25.9% | 67.7%-41.8pp | 72.7%-46.8pp | 72.2%-46.3pp |
| Annual return | 16.52% | 20.70%-4.2pp | 1293.02%-1276.5pp | 59.29%-42.8pp |
| Employer contribution / active EE | $400 | $1,872-78.6% | $3,262-87.7% | $2,234-82.1% |
| Participant deferral / active EE | $783 | $2,807-72.1% | $3,963-80.2% | $3,805-79.4% |
| Admin fee / account holder | $11 | $117-90.4% | $5,611-99.8% | $158-92.9% |