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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 ... | $967 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,665 | $77,638-74.7% | $156,551-87.4% | $62,881-68.7% |
| Participation rate | 86.7% | 71.2%+15.5pp | 84.0%+2.7pp | 69.3%+17.4pp |
| Annual return | 82.21% | 50.33%+31.9pp | 32.23%+50.0pp | 20.14%+62.1pp |
| Employer contribution / active EE | $1,066 | $3,444-69.1% | $5,501-80.6% | $2,281-53.3% |
| Participant deferral / active EE | $1,454 | $3,046-52.3% | $4,871-70.2% | $3,203-54.6% |
| Admin fee / account holder | $1,522 | $5,561-72.6% | $13,028-88.3% | $4,296-64.6% |