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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... | $403 |
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.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $24,588 | $46,173-46.7% | $170,435-85.6% | $69,631-64.7% |
| Participation rate | 35.1% | 63.9%-28.8pp | 83.6%-48.5pp | 70.7%-35.6pp |
| Annual return | 13.34% | 21.62%-8.3pp | 205.94%-192.6pp | 27571.02%-27557.7pp |
| Employer contribution / active EE | $0 | $1,610-100.0% | $5,432-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,041 | $2,080-49.9% | $4,939-78.9% | $3,224-67.7% |
| Admin fee / account holder | $3 | $116-97.8% | $13,881-100.0% | $110-97.7% |