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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 | Claims processing; Recordkeeping and ... | $6,467 |
Annual investment return 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $7,479 | $52,967-85.9% | $172,753-95.7% | $65,186-88.5% |
| Participation rate | 99.2% | 66.2%+33.0pp | 82.6%+16.6pp | 70.2%+29.0pp |
| Annual return | 4.85% | 30.12%-25.3pp | 803.00%-798.2pp | 29.39%-24.5pp |
| Employer contribution / active EE | $821 | $2,190-62.5% | $5,144-84.0% | $2,177-62.3% |
| Participant deferral / active EE | $947 | $2,471-61.7% | $5,198-81.8% | $3,514-73.0% |
| Admin fee / account holder | $8 | $472-98.3% | $13,956-99.9% | $847-99.1% |