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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 | Account maintenance fees; Recordkeepi... | $4,698 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,062 | $48,078-77.0% | $78,676-85.9% | $62,881-82.4% |
| Participation rate | 87.5% | 65.2%+22.3pp | 73.6%+13.9pp | 69.3%+18.2pp |
| Annual return | 10.31% | 31.36%-21.0pp | 62.19%-51.9pp | 20.14%-9.8pp |
| Employer contribution / active EE | $371 | $2,015-81.6% | $2,850-87.0% | $2,281-83.7% |
| Participant deferral / active EE | $1,415 | $2,587-45.3% | $3,517-59.8% | $3,203-55.8% |
| Admin fee / account holder | $1,087 | $3,206-66.1% | $4,510-75.9% | $4,296-74.7% |