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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 ... | $789 |
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 | $21,273 | $46,732-54.5% | $156,551-86.4% | $55,167-61.4% |
| Participation rate | 36.8% | 65.8%-29.0pp | 84.0%-47.2pp | 69.0%-32.2pp |
| Annual return | 4.82% | 17.72%-12.9pp | 32.23%-27.4pp | 169.23%-164.4pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,503 | $2,204-31.8% | $4,871-69.1% | $3,054-50.8% |
| Admin fee / account holder | $12 | $418-97.1% | $13,028-99.9% | $504-97.6% |