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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... | $1,158 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,867 | $84,236-71.7% | $170,435-86.0% | $70,126-66.0% |
| Participation rate | 95.7% | 70.8%+24.9pp | 83.6%+12.1pp | 69.5%+26.2pp |
| Annual return | 14.42% | 23.06%-8.6pp | 205.94%-191.5pp | 73.15%-58.7pp |
| Employer contribution / active EE | $1,251 | $3,387-63.1% | $5,432-77.0% | $2,343-46.6% |
| Participant deferral / active EE | $4,502 | $3,086+45.9% | $4,939-8.8% | $3,332+35.1% |
| Admin fee / account holder | $1,555 | $5,698-72.7% | $13,881-88.8% | $4,645-66.5% |