Filed February 24, 2025
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA Service code 12 · EIN 13-1614399 | Recordkeeping and information managem... | $1,385 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,007 | $65,092-81.6% | $143,799-91.6% | $66,938-82.1% |
| Participation rate | 81.6% | 65.2%+16.3pp | 80.3%+1.2pp | 69.8%+11.7pp |
| Annual return | -13.12% | -11.14%-2.0pp | -0.04%-13.1pp | 1.58%-14.7pp |
| Employer contribution / active EE | $1,502 | $2,362-36.4% | $4,952-69.7% | $2,545-41.0% |
| Participant deferral / active EE | $843 | $2,920-71.1% | $5,638-85.1% | $4,238-80.1% |
| Admin fee / account holder | $7 | $502-98.7% | $14,677-100.0% | $594-98.9% |