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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... | $905 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,210 | $47,977-62.0% | $154,108-88.2% | $56,289-67.6% |
| Participation rate | 94.0% | 66.2%+27.9pp | 83.0%+11.0pp | 69.9%+24.2pp |
| Annual return | 21.96% | 3.54%+18.4pp | 735.21%-713.2pp | -9.96%+31.9pp |
| Employer contribution / active EE | $0 | $2,169-100.0% | $5,298-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,533 | $2,392-35.9% | $5,081-69.8% | $3,350-54.2% |
| Admin fee / account holder | $1,050 | $438+139.5% | $13,411-92.2% | $521+101.5% |