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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENEUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $2,856 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $22,390 | $47,977-53.3% | $154,111-85.5% | $56,287-60.2% |
| Participation rate | 50.2% | 66.2%-16.0pp | 83.0%-32.8pp | 69.9%-19.6pp |
| Annual return | 7.14% | 3.54%+3.6pp | 735.18%-728.0pp | -9.96%+17.1pp |
| Employer contribution / active EE | $267 | $2,169-87.7% | $5,298-95.0% | $2,111-87.3% |
| Participant deferral / active EE | $1,738 | $2,392-27.3% | $5,081-65.8% | $3,350-48.1% |
| Admin fee / account holder | $29 | $438-93.4% | $13,411-99.8% | $521-94.4% |