Filed March 30, 2022 (most recent of 2 filings on file)
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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; Recordkeeping and ... | $4,368 |
Participant 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 | $25,944 | $44,873-42.2% | $79,467-67.4% | $56,289-53.9% |
| Participation rate | 97.5% | 68.7%+28.7pp | 73.3%+24.1pp | 69.9%+27.6pp |
| Annual return | 28.38% | 0.81%+27.6pp | 718.30%-689.9pp | -9.96%+38.3pp |
| Employer contribution / active EE | $1,553 | $2,140-27.4% | $2,800-44.5% | $2,111-26.4% |
| Participant deferral / active EE | $0 | $2,746-100.0% | $3,704-100.0% | $3,350-100.0% |
| Admin fee / account holder | $20 | $418-95.3% | $5,104-99.6% | $521-96.2% |