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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... | $129 |
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 | $64,903 | $70,083-7.4% | $59,899+8.4% | $55,725+16.5% |
| Participation rate | 48.3% | 78.4%-30.1pp | 74.7%-26.4pp | 70.9%-22.6pp |
| Annual return | 103.44% | 3.13%+100.3pp | 3.46%+100.0pp | 244.93%-141.5pp |
| Employer contribution / active EE | $0 | $2,878-100.0% | $2,723-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $2,378 | $3,079-22.8% | $3,402-30.1% | $3,356-29.1% |
| Admin fee / account holder | $0 | $70-100.0% | $3,592-100.0% | $115-100.0% |