Filed March 20, 2014 (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 AVENUE · NEW YORK, NY 10022 | Claims processing; Participant loan p... | $2,608 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 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 | $9,098 | $44,873-79.7% | $79,464-88.6% | $56,287-83.8% |
| Participation rate | 66.9% | 68.7%-1.8pp | 73.3%-6.4pp | 69.9%-2.9pp |
| Annual return | 6.97% | 0.81%+6.2pp | 718.14%-711.2pp | -9.96%+16.9pp |
| Employer contribution / active EE | $442 | $2,140-79.3% | $2,800-84.2% | $2,111-79.0% |
| Participant deferral / active EE | $273 | $2,746-90.0% | $3,704-92.6% | $3,350-91.8% |
| Admin fee / account holder | $13 | $418-96.9% | $5,113-99.7% | $521-97.5% |