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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 | Account maintenance fees; Claims proc... | $271 |
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 | $52,711 | $88,515-40.4% | $162,171-67.5% | $67,579-22.0% |
| Participation rate | 1.3% | 86.8%-85.5pp | 87.6%-86.2pp | 71.3%-70.0pp |
| Annual return | 26.40% | 27.04%-0.6pp | 115.60%-89.2pp | 378.56%-352.2pp |
| Employer contribution / active EE | $0 | $3,563-100.0% | $5,613-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $109 | $5,724-98.1% | $7,297-98.5% | $3,539-96.9% |
| Admin fee / account holder | $10 | $124-91.6% | $10,843-99.9% | $142-92.7% |