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... | $2,375 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,656 | $65,908-85.3% | $81,812-88.2% | $77,643-87.6% |
| Participation rate | 77.1% | 65.8%+11.3pp | 72.3%+4.8pp | 70.6%+6.6pp |
| Annual return | 19.21% | 26.64%-7.4pp | 773.79%-754.6pp | 31.24%-12.0pp |
| Employer contribution / active EE | $303 | $2,370-87.2% | $2,912-89.6% | $2,726-88.9% |
| Participant deferral / active EE | $986 | $3,505-71.9% | $4,319-77.2% | $4,647-78.8% |
| Admin fee / account holder | $6 | $526-98.9% | $7,386-99.9% | $430-98.6% |