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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... | $585 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,425 | $284,329-97.0% | $147,617-94.3% | - |
| Participation rate | 100.0% | 62.7%+37.3pp | 84.6%+15.4pp | - |
| Annual return | -1.14% | 0.73%-1.9pp | 61.98%-63.1pp | - |
| Employer contribution / active EE | $762 | $2,124-64.1% | $5,564-86.3% | - |
| Participant deferral / active EE | $1,072 | $1,895-43.4% | $4,895-78.1% | - |
| Admin fee / account holder | $1,461 | $35,034-95.8% | $11,612-87.4% | - |