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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $572 |
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.
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 | $49,342 | $50,637-2.6% | $86,581-43.0% | $62,293-20.8% |
| Participation rate | 37.3% | 67.9%-30.6pp | 73.5%-36.3pp | 69.5%-32.2pp |
| Annual return | 16.80% | 20.80%-4.0pp | 965.06%-948.3pp | 28.90%-12.1pp |
| Employer contribution / active EE | $0 | $2,075-100.0% | $2,840-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,190 | $2,611-54.4% | $3,609-67.0% | $3,169-62.4% |
| Admin fee / account holder | $10 | $413-97.5% | $4,904-99.8% | $479-97.8% |