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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... | $495 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $14,885 | $46,360-67.9% | $147,617-89.9% | $52,331-71.6% |
| Participation rate | 39.5% | 64.9%-25.5pp | 84.6%-45.2pp | 68.1%-28.6pp |
| Annual return | -0.98% | 1.62%-2.6pp | 61.98%-63.0pp | 4.54%-5.5pp |
| Employer contribution / active EE | $329 | $2,126-84.5% | $5,564-94.1% | $1,882-82.5% |
| Participant deferral / active EE | $612 | $2,258-72.9% | $4,895-87.5% | $3,022-79.7% |
| Admin fee / account holder | $7 | $766-99.1% | $11,612-99.9% | $592-98.9% |