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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... | $277 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $44,548 | $81,537-45.4% | $149,721-70.2% | $69,631-36.0% |
| Participation rate | 1.5% | 86.1%-84.6pp | 87.1%-85.5pp | 70.7%-69.1pp |
| Annual return | 16.86% | 22.79%-5.9pp | 1501.67%-1484.8pp | 27571.02%-27554.2pp |
| Employer contribution / active EE | $0 | $3,239-100.0% | $5,444-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $120 | $4,994-97.6% | $6,568-98.2% | $3,224-96.3% |
| Admin fee / account holder | $12 | $107-88.7% | $11,282-99.9% | $110-89.1% |