Filed May 22, 2002
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 | Account maintenance fees; Claims proc... | $162 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $19,741 | $47,977-58.9% | $154,107-87.2% | $56,287-64.9% |
| Participation rate | 95.0% | 66.2%+28.8pp | 83.0%+12.0pp | 69.9%+25.1pp |
| Annual return | -2.86% | 3.54%-6.4pp | 735.12%-738.0pp | -9.96%+7.1pp |
| Employer contribution / active EE | $721 | $2,169-66.8% | $5,298-86.4% | $2,111-65.9% |
| Participant deferral / active EE | $2,660 | $2,392+11.2% | $5,081-47.6% | $3,350-20.6% |
| Admin fee / account holder | $324 | $438-26.2% | $13,411-97.6% | $521-37.9% |