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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... | $858 |
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 | $18,187 | $55,453-67.2% | $170,435-89.3% | $62,293-70.8% |
| Participation rate | 52.2% | 66.4%-14.2pp | 83.6%-31.4pp | 69.5%-17.3pp |
| Annual return | 14.33% | 21.38%-7.0pp | 205.94%-191.6pp | 28.90%-14.6pp |
| Employer contribution / active EE | $456 | $2,164-78.9% | $5,432-91.6% | $2,042-77.7% |
| Participant deferral / active EE | $1,144 | $2,303-50.3% | $4,939-76.8% | $3,169-63.9% |
| Admin fee / account holder | $10 | $455-97.8% | $13,881-99.9% | $479-97.9% |