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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 ... | $340 |
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.
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 | $20,919 | $46,360-54.9% | $147,617-85.8% | $52,331-60.0% |
| Participation rate | 67.9% | 64.9%+2.9pp | 84.6%-16.7pp | 68.1%-0.2pp |
| Annual return | 2.37% | 1.62%+0.8pp | 61.98%-59.6pp | 4.54%-2.2pp |
| Employer contribution / active EE | $0 | $2,126-100.0% | $5,564-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,095 | $2,258-51.5% | $4,895-77.6% | $3,022-63.8% |
| Admin fee / account holder | $4 | $766-99.5% | $11,612-100.0% | $592-99.4% |