Filed November 4, 2024 (most recent of 3 filings on file)
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; Account maintenanc... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $12,419 | $47,977-74.1% | $154,107-91.9% | $56,287-77.9% |
| Participation rate | 52.2% | 66.2%-14.0pp | 83.0%-30.9pp | 69.9%-17.7pp |
| Annual return | 2.64% | 3.54%-0.9pp | 735.12%-732.5pp | -9.96%+12.6pp |
| Employer contribution / active EE | $554 | $2,169-74.5% | $5,298-89.6% | $2,111-73.8% |
| Participant deferral / active EE | $1,292 | $2,392-46.0% | $5,081-74.6% | $3,350-61.4% |
| Admin fee / account holder | $8 | $438-98.2% | $13,411-99.9% | $521-98.5% |