Filed September 30, 2021
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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; Claims proc... | $1,739 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,733 | $37,196-71.1% | $154,108-93.0% | $55,725-80.7% |
| Participation rate | 83.6% | 64.1%+19.5pp | 83.0%+0.5pp | 70.9%+12.7pp |
| Annual return | -3.75% | 1319.68%-1323.4pp | 735.21%-739.0pp | 244.93%-248.7pp |
| Employer contribution / active EE | $706 | $1,614-56.2% | $5,298-86.7% | $2,078-66.0% |
| Participant deferral / active EE | $812 | $2,068-60.7% | $5,081-84.0% | $3,356-75.8% |
| Admin fee / account holder | $6 | $102-93.7% | $13,411-100.0% | $115-94.4% |