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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 ... | $1,013 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,223 | $85,766-55.4% | $136,298-72.0% | $70,126-45.5% |
| Participation rate | 97.7% | 74.2%+23.6pp | 81.9%+15.8pp | 69.5%+28.2pp |
| Annual return | 12.92% | 31.46%-18.5pp | 5156.27%-5143.4pp | 73.15%-60.2pp |
| Employer contribution / active EE | $1,291 | $2,966-56.5% | $4,696-72.5% | $2,343-44.9% |
| Participant deferral / active EE | $2,381 | $5,051-52.9% | $6,247-61.9% | $3,332-28.6% |
| Admin fee / account holder | $1,486 | $5,421-72.6% | $9,244-83.9% | $4,645-68.0% |