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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... | $1,338 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $16,836 | $52,961-68.2% | $172,752-90.3% | $65,185-74.2% |
| Participation rate | 63.6% | 66.2%-2.6pp | 82.6%-19.1pp | 70.2%-6.6pp |
| Annual return | 21.27% | 30.12%-8.9pp | 802.97%-781.7pp | 29.38%-8.1pp |
| Employer contribution / active EE | $396 | $2,190-81.9% | $5,144-92.3% | $2,177-81.8% |
| Participant deferral / active EE | $1,060 | $2,471-57.1% | $5,198-79.6% | $3,514-69.8% |
| Admin fee / account holder | $17 | $472-96.3% | $13,955-99.9% | $847-98.0% |