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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 | Participant loan processing; Claims p... | $886 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $14,995 | $46,732-67.9% | $156,551-90.4% | $55,167-72.8% |
| Participation rate | 47.2% | 65.8%-18.6pp | 84.0%-36.9pp | 69.0%-21.8pp |
| Annual return | 7.47% | 17.72%-10.2pp | 32.23%-24.8pp | 169.23%-161.8pp |
| Employer contribution / active EE | $342 | $2,105-83.7% | $5,501-93.8% | $1,963-82.6% |
| Participant deferral / active EE | $784 | $2,204-64.4% | $4,871-83.9% | $3,054-74.3% |
| Admin fee / account holder | $10 | $418-97.5% | $13,028-99.9% | $504-97.9% |