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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; Claims proc... | $758 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $40,809 | $46,173-11.6% | $170,435-76.1% | $69,631-41.4% |
| Participation rate | 30.1% | 63.9%-33.8pp | 83.6%-53.5pp | 70.7%-40.6pp |
| Annual return | 14.50% | 21.62%-7.1pp | 205.94%-191.4pp | 27571.02%-27556.5pp |
| Employer contribution / active EE | $402 | $1,610-75.0% | $5,432-92.6% | $2,032-80.2% |
| Participant deferral / active EE | $568 | $2,080-72.7% | $4,939-88.5% | $3,224-82.4% |
| Admin fee / account holder | $14 | $116-87.9% | $13,881-99.9% | $110-87.3% |