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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; Participant loan p... | $1,311 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,850 | $53,128-89.0% | $86,582-93.2% | $70,126-91.7% |
| Participation rate | 75.6% | 65.3%+10.3pp | 73.5%+2.1pp | 69.5%+6.1pp |
| Annual return | 11.44% | 27.66%-16.2pp | 965.08%-953.6pp | 73.15%-61.7pp |
| Employer contribution / active EE | $547 | $2,068-73.5% | $2,839-80.7% | $2,343-76.6% |
| Participant deferral / active EE | $603 | $2,695-77.6% | $3,609-83.3% | $3,332-81.9% |
| Admin fee / account holder | $560 | $3,584-84.4% | $4,904-88.6% | $4,645-88.0% |