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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; Recordke... | $923 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $26,686 | $44,873-40.5% | $79,466-66.4% | $56,287-52.6% |
| Participation rate | 69.3% | 68.7%+0.6pp | 73.3%-4.0pp | 69.9%-0.5pp |
| Annual return | -4.68% | 0.81%-5.5pp | 718.28%-723.0pp | -9.96%+5.3pp |
| Employer contribution / active EE | $614 | $2,140-71.3% | $2,800-78.1% | $2,111-70.9% |
| Participant deferral / active EE | $904 | $2,746-67.1% | $3,704-75.6% | $3,350-73.0% |
| Admin fee / account holder | $7 | $418-98.4% | $5,104-99.9% | $521-98.7% |