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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; Participant loan p... | $2,738 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,979 | $48,078-75.1% | $78,676-84.8% | $62,881-81.0% |
| Participation rate | 62.8% | 65.2%-2.4pp | 73.6%-10.7pp | 69.3%-6.5pp |
| Annual return | 3.23% | 31.36%-28.1pp | 62.19%-59.0pp | 20.14%-16.9pp |
| Employer contribution / active EE | $113 | $2,015-94.4% | $2,850-96.0% | $2,281-95.1% |
| Participant deferral / active EE | $876 | $2,587-66.1% | $3,517-75.1% | $3,203-72.6% |
| Admin fee / account holder | $7,330 | $3,206+128.6% | $4,510+62.5% | $4,296+70.6% |