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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; Recordkeeping and ... | $1,819 |
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.
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 | $29,524 | $85,766-65.6% | $136,298-78.3% | $70,126-57.9% |
| Participation rate | 76.5% | 74.2%+2.4pp | 81.9%-5.4pp | 69.5%+7.0pp |
| Annual return | 6.43% | 31.46%-25.0pp | 5156.27%-5149.8pp | 73.15%-66.7pp |
| Employer contribution / active EE | $1,850 | $2,966-37.6% | $4,696-60.6% | $2,343-21.0% |
| Participant deferral / active EE | $3,932 | $5,051-22.2% | $6,247-37.1% | $3,332+18.0% |
| Admin fee / account holder | $2,350 | $5,421-56.7% | $9,244-74.6% | $4,645-49.4% |