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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 | Recordkeeping and information managem... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $32,653 | $52,967-38.4% | $172,753-81.1% | $65,186-49.9% |
| Participation rate | 52.1% | 66.2%-14.1pp | 82.6%-30.6pp | 70.2%-18.1pp |
| Annual return | 5.52% | 30.12%-24.6pp | 803.00%-797.5pp | 29.39%-23.9pp |
| Employer contribution / active EE | $0 | $2,190-100.0% | $5,144-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $1,291 | $2,471-47.7% | $5,198-75.2% | $3,514-63.3% |
| Admin fee / account holder | $1 | $472-99.7% | $13,956-100.0% | $847-99.9% |