Filed January 19, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing | $88,411 |
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Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $142,732 | $142,7320% | $568,132-74.9% | $3,370,408-95.8% |
| Participation rate | 99.8% | 4.2%+95.6pp | 21.0%+78.8pp | 1.2%+98.6pp |
| Annual return | 22.30% | 33.70%-11.4pp | 14.64%+7.7pp | 53.27%-31.0pp |
| Employer contribution / active EE | $15,106 | $14,473+4.4% | $41,831-63.9% | $14,774+2.2% |
| Participant deferral / active EE | $0 | $145-100.0% | $200-100.0% | $1,259-100.0% |
| Admin fee / account holder | $0 | $0 | $36,942-100.0% | $13,289-100.0% |