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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 ... | $674 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $23,320 | $41,854-44.3% | $73,836-68.4% | $52,331-55.4% |
| Participation rate | 56.2% | 66.2%-10.0pp | 73.4%-17.3pp | 68.1%-11.9pp |
| Annual return | -0.28% | 2.11%-2.4pp | 2268.06%-2268.3pp | 4.54%-4.8pp |
| Employer contribution / active EE | $508 | $1,920-73.5% | $2,787-81.8% | $1,882-73.0% |
| Participant deferral / active EE | $639 | $2,498-74.4% | $3,583-82.2% | $3,022-78.9% |
| Admin fee / account holder | $26 | $493-94.7% | $4,882-99.5% | $592-95.6% |