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 | Recordkeeping and information managem... | $723 |
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070 150 NORTH RADNOR - CHESTER ROAD · RADNOR, PA 19087 | Contract Administrator | $125 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
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 | $13,049 | $66,124-80.3% | $90,404-85.6% | $73,488-82.2% |
| Participation rate | 54.3% | 69.7%-15.4pp | 72.7%-18.4pp | 70.7%-16.4pp |
| Annual return | 3.14% | 17.65%-14.5pp | 1293.02%-1289.9pp | 28.51%-25.4pp |
| Employer contribution / active EE | $186 | $2,346-92.1% | $3,262-94.3% | $2,270-91.8% |
| Participant deferral / active EE | $1,501 | $3,039-50.6% | $3,963-62.1% | $3,740-59.9% |
| Admin fee / account holder | $8 | $396-97.9% | $5,611-99.9% | $513-98.4% |