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 | Participant loan processing; Recordke... | $770 |
LINCOLN NATIONAL CORPORATION4 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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $18,860 | $63,745-70.4% | $98,442-80.8% | $79,386-76.2% |
| Participation rate | 42.5% | 69.9%-27.4pp | 73.3%-30.8pp | 70.7%-28.2pp |
| Annual return | 28.14% | 625.80%-597.7pp | 1492.73%-1464.6pp | 116.85%-88.7pp |
| Employer contribution / active EE | $171 | $2,557-93.3% | $2,960-94.2% | $2,427-92.9% |
| Participant deferral / active EE | $1,154 | $3,303-65.1% | $4,276-73.0% | $4,046-71.5% |
| Admin fee / account holder | $6 | $516-98.9% | $5,949-99.9% | $626-99.1% |