Filed November 27, 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 9-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 | Account maintenance fees; Recordkeepi... | $2,960 |
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 | $11,704 | $37,196-68.5% | $154,107-92.4% | $55,725-79.0% |
| Participation rate | 93.4% | 64.1%+29.4pp | 83.0%+10.4pp | 70.9%+22.6pp |
| Annual return | 1.31% | 1319.68%-1318.4pp | 735.12%-733.8pp | 244.93%-243.6pp |
| Employer contribution / active EE | $646 | $1,614-60.0% | $5,298-87.8% | $2,078-68.9% |
| Participant deferral / active EE | $922 | $2,068-55.4% | $5,081-81.8% | $3,356-72.5% |
| Admin fee / account holder | $5 | $102-94.6% | $13,411-100.0% | $115-95.3% |