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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 | Account maintenance fees; Recordkeepi... | $551 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $11,071 | $47,977-76.9% | $154,108-92.8% | $56,289-80.3% |
| Participation rate | 61.7% | 66.2%-4.5pp | 83.0%-21.3pp | 69.9%-8.2pp |
| Annual return | 9.99% | 3.54%+6.5pp | 735.21%-725.2pp | -9.96%+19.9pp |
| Employer contribution / active EE | $766 | $2,169-64.7% | $5,298-85.5% | $2,111-63.7% |
| Participant deferral / active EE | $448 | $2,392-81.3% | $5,081-91.2% | $3,350-86.6% |
| Admin fee / account holder | $5 | $438-98.9% | $13,411-100.0% | $521-99.0% |