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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 | Participant loan processing; Claims p... | $3,121 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,568 | $57,976-66.2% | $63,018-68.9% | $62,293-68.6% |
| Participation rate | 99.5% | 75.9%+23.5pp | 74.8%+24.7pp | 69.5%+29.9pp |
| Annual return | 14.85% | 17.54%-2.7pp | 87.62%-72.8pp | 28.90%-14.0pp |
| Employer contribution / active EE | $2,013 | $2,415-16.6% | $2,761-27.1% | $2,042-1.4% |
| Participant deferral / active EE | $1,550 | $2,956-47.5% | $3,330-53.4% | $3,169-51.1% |
| Admin fee / account holder | $12 | $276-95.5% | $3,601-99.7% | $479-97.4% |