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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 15 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $174 |
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.
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 | $11,523 | $46,360-75.1% | $147,617-92.2% | $52,331-78.0% |
| Participation rate | 45.6% | 64.9%-19.4pp | 84.6%-39.0pp | 68.1%-22.5pp |
| Annual return | -0.68% | 1.62%-2.3pp | 61.98%-62.7pp | 4.54%-5.2pp |
| Employer contribution / active EE | $318 | $2,126-85.1% | $5,564-94.3% | $1,882-83.1% |
| Participant deferral / active EE | $504 | $2,258-77.7% | $4,895-89.7% | $3,022-83.3% |
| Admin fee / account holder | $18 | $766-97.7% | $11,612-99.8% | $592-97.0% |