Filed February 24, 2025
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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 ... | $912 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,002 | $77,638-83.3% | $156,551-91.7% | $62,881-79.3% |
| Participation rate | 96.1% | 71.2%+24.9pp | 84.0%+12.1pp | 69.3%+26.8pp |
| Annual return | 7.48% | 50.33%-42.8pp | 32.23%-24.7pp | 20.14%-12.7pp |
| Employer contribution / active EE | $1,409 | $3,444-59.1% | $5,501-74.4% | $2,281-38.2% |
| Participant deferral / active EE | $1,068 | $3,046-64.9% | $4,871-78.1% | $3,203-66.7% |
| Admin fee / account holder | $8 | $5,561-99.9% | $13,028-99.9% | $4,296-99.8% |