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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; Account maintenanc... | $839 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $24,870 | $46,360-46.4% | $147,617-83.2% | $52,331-52.5% |
| Participation rate | 33.6% | 64.9%-31.4pp | 84.6%-51.0pp | 68.1%-34.5pp |
| Annual return | -1.19% | 1.62%-2.8pp | 61.98%-63.2pp | 4.54%-5.7pp |
| Employer contribution / active EE | $602 | $2,126-71.7% | $5,564-89.2% | $1,882-68.0% |
| Participant deferral / active EE | $1,069 | $2,258-52.6% | $4,895-78.2% | $3,022-64.6% |
| Admin fee / account holder | $35 | $766-95.4% | $11,612-99.7% | $592-94.0% |