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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 | Claims processing; Recordkeeping and ... | $3,767 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $14,657 | $51,769-71.7% | $57,356-74.4% | $52,331-72.0% |
| Participation rate | 100.0% | 75.2%+24.8pp | 75.1%+24.9pp | 68.1%+31.9pp |
| Annual return | 0.52% | 2.43%-1.9pp | 24.41%-23.9pp | 4.54%-4.0pp |
| Employer contribution / active EE | $1,469 | $2,335-37.1% | $2,689-45.4% | $1,882-21.9% |
| Participant deferral / active EE | $733 | $2,794-73.8% | $3,162-76.8% | $3,022-75.7% |
| Admin fee / account holder | $13 | $295-95.5% | $3,357-99.6% | $592-97.8% |