Filed January 19, 2024
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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 | Participant loan processing; Recordke... | $263 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $138,350 | $75,760+82.6% | $123,105+12.4% | $59,188+133.7% |
| Participation rate | 99.7% | 86.0%+13.7pp | 86.8%+13.0pp | 69.4%+30.3pp |
| Annual return | 3.14% | 2.93%+0.2pp | 13.22%-10.1pp | 5.51%-2.4pp |
| Employer contribution / active EE | $2,517 | $3,415-26.3% | $5,151-51.1% | $2,098+19.9% |
| Participant deferral / active EE | $7,781 | $5,000+55.6% | $6,229+24.9% | $3,265+138.3% |
| Admin fee / account holder | $0 | $61-100.0% | $9,014-100.0% | $92-100.0% |