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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 ... | $222 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $21,021 | $47,977-56.2% | $154,111-86.4% | $56,287-62.7% |
| Participation rate | 63.9% | 66.2%-2.3pp | 83.0%-19.1pp | 69.9%-6.0pp |
| Annual return | 3.55% | 3.54%0pp | 735.18%-731.6pp | -9.96%+13.5pp |
| Employer contribution / active EE | $640 | $2,169-70.5% | $5,298-87.9% | $2,111-69.7% |
| Participant deferral / active EE | $1,877 | $2,392-21.5% | $5,081-63.0% | $3,350-44.0% |
| Admin fee / account holder | $3 | $438-99.4% | $13,411-100.0% | $521-99.5% |