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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... | $1,518 |
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.
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 | $26,246 | $55,453-52.7% | $170,439-84.6% | $62,293-57.9% |
| Participation rate | 32.5% | 66.4%-33.8pp | 83.6%-51.1pp | 69.5%-37.0pp |
| Annual return | 22.53% | 21.38%+1.2pp | 205.94%-183.4pp | 28.90%-6.4pp |
| Employer contribution / active EE | $0 | $2,164-100.0% | $5,433-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,546 | $2,303-32.9% | $4,939-68.7% | $3,169-51.2% |
| Admin fee / account holder | $13 | $455-97.2% | $13,881-99.9% | $479-97.3% |