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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Account maintenance fees; Claims proc... | $569 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,245 | $55,453-56.3% | $170,435-85.8% | $62,293-61.1% |
| Participation rate | 100.0% | 66.4%+33.6pp | 83.6%+16.4pp | 69.5%+30.5pp |
| Annual return | 536.04% | 21.38%+514.7pp | 205.94%+330.1pp | 28.90%+507.1pp |
| Employer contribution / active EE | $1,144 | $2,164-47.1% | $5,432-78.9% | $2,042-44.0% |
| Participant deferral / active EE | $378 | $2,303-83.6% | $4,939-92.3% | $3,169-88.1% |
| Admin fee / account holder | $1,636 | $455+259.6% | $13,881-88.2% | $479+241.4% |