Filed May 31, 2024
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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 ... | $9,283 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $14,094 | $43,999-68.0% | $79,467-82.3% | $55,725-74.7% |
| Participation rate | 83.2% | 66.9%+16.3pp | 73.3%+9.9pp | 70.9%+12.4pp |
| Annual return | 5.25% | 1.81%+3.4pp | 718.30%-713.1pp | 244.93%-239.7pp |
| Employer contribution / active EE | $785 | $1,830-57.1% | $2,800-72.0% | $2,078-62.2% |
| Participant deferral / active EE | $472 | $2,538-81.4% | $3,704-87.2% | $3,356-85.9% |
| Admin fee / account holder | $14 | $118-88.3% | $5,104-99.7% | $115-88.0% |