Filed June 29, 2016 (most recent of 3 filings on file)
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| 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... | $2,152 |
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.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,498 | $46,173-79.4% | $170,435-94.4% | $69,631-86.4% |
| Participation rate | 92.5% | 63.9%+28.6pp | 83.6%+8.9pp | 70.7%+21.8pp |
| Annual return | 34.65% | 21.62%+13.0pp | 205.94%-171.3pp | 27571.02%-27536.4pp |
| Employer contribution / active EE | $0 | $1,610-100.0% | $5,432-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,514 | $2,080-27.2% | $4,939-69.4% | $3,224-53.0% |
| Admin fee / account holder | $42 | $116-63.8% | $13,881-99.7% | $110-62.0% |