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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 | $344 |
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 | $11,474 | $46,732-75.4% | $156,551-92.7% | $55,167-79.2% |
| Participation rate | 40.2% | 65.8%-25.6pp | 84.0%-43.8pp | 69.0%-28.8pp |
| Annual return | 6.19% | 17.72%-11.5pp | 32.23%-26.0pp | 169.23%-163.0pp |
| Employer contribution / active EE | $331 | $2,105-84.3% | $5,501-94.0% | $1,963-83.1% |
| Participant deferral / active EE | $521 | $2,204-76.4% | $4,871-89.3% | $3,054-82.9% |
| Admin fee / account holder | $34 | $418-91.9% | $13,028-99.7% | $504-93.3% |