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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 | Recordkeeping and information managem... | $1,462 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $10,905 | $46,360-76.5% | $147,617-92.6% | $52,331-79.2% |
| Participation rate | 41.4% | 64.9%-23.6pp | 84.6%-43.2pp | 68.1%-26.7pp |
| Annual return | -1.81% | 1.62%-3.4pp | 61.98%-63.8pp | 4.54%-6.4pp |
| Employer contribution / active EE | $737 | $2,126-65.3% | $5,564-86.8% | $1,882-60.8% |
| Participant deferral / active EE | $1,096 | $2,258-51.4% | $4,895-77.6% | $3,022-63.7% |
| Admin fee / account holder | $13 | $766-98.3% | $11,612-99.9% | $592-97.9% |