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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 ... | $446 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,774 | $41,854+2.2% | $73,835-42.1% | $52,331-18.3% |
| Participation rate | 35.7% | 66.2%-30.6pp | 73.4%-37.8pp | 68.1%-32.5pp |
| Annual return | 0.79% | 2.11%-1.3pp | 2268.13%-2267.3pp | 4.54%-3.8pp |
| Employer contribution / active EE | $0 | $1,920-100.0% | $2,788-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,152 | $2,498-53.9% | $3,583-67.8% | $3,022-61.9% |
| Admin fee / account holder | $3,317 | $493+573.3% | $4,880-32.0% | $592+460.6% |