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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; Participant loan p... | $465 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $44,113 | $58,895-25.1% | $178,503-75.3% | $73,497-40.0% |
| Participation rate | 37.8% | 66.2%-28.5pp | 81.9%-44.2pp | 70.7%-32.9pp |
| Annual return | 12.78% | 24.86%-12.1pp | 151.12%-138.3pp | 28.51%-15.7pp |
| Employer contribution / active EE | $0 | $2,236-100.0% | $5,011-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $741 | $2,567-71.1% | $5,202-85.8% | $3,740-80.2% |
| Admin fee / account holder | $5 | $400-98.7% | $13,987-100.0% | $513-99.0% |