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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; Account maintenanc... | $2,687 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $4,292 | $44,873-90.4% | $79,476-94.6% | $56,287-92.4% |
| Participation rate | 97.6% | 68.7%+28.8pp | 73.3%+24.2pp | 69.9%+27.7pp |
| Annual return | 6.57% | 0.81%+5.8pp | 718.21%-711.6pp | -9.96%+16.5pp |
| Employer contribution / active EE | $480 | $2,140-77.6% | $2,800-82.9% | $2,111-77.3% |
| Participant deferral / active EE | $335 | $2,746-87.8% | $3,704-90.9% | $3,350-90.0% |
| Admin fee / account holder | $9 | $418-97.7% | $5,113-99.8% | $521-98.2% |