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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 | Participant loan processing; Claims p... | $3,053 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $5,643 | $37,117-84.8% | $147,617-96.2% | $55,191-89.8% |
| Participation rate | 99.6% | 63.6%+36.0pp | 84.6%+15.0pp | 69.2%+30.5pp |
| Annual return | -0.35% | 3.44%-3.8pp | 61.98%-62.3pp | 10.78%-11.1pp |
| Employer contribution / active EE | $513 | $1,620-68.3% | $5,564-90.8% | $1,899-73.0% |
| Participant deferral / active EE | $394 | $1,985-80.1% | $4,895-91.9% | $3,046-87.1% |
| Admin fee / account holder | $5 | $86-94.3% | $11,612-100.0% | $91-94.7% |