Filed March 9, 2023
Total covered: 20 employees
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 · EIN 52-0784063 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Participant loan p... | $602 |
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-1140070 150 NORTH RADNOR - CHESTER ROAD · RADNOR, PA 19087 | Contract Administrator | $125 |
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $13,065 | $54,762-76.1% | $90,281-85.5% | $72,985-82.1% |
| Participation rate | 98.9% | 65.1%+33.7pp | 73.3%+25.6pp | 69.5%+29.4pp |
| Annual return | 3.86% | 30.63%-26.8pp | 78.10%-74.2pp | 81.00%-77.1pp |
| Employer contribution / active EE | $471 | $2,092-77.5% | $2,854-83.5% | $2,440-80.7% |
| Participant deferral / active EE | $2,123 | $2,887-26.5% | $3,885-45.4% | $3,607-41.2% |
| Admin fee / account holder | $8 | $3,972-99.8% | $5,351-99.9% | $5,124-99.9% |