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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 ... | $3,288 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $10,335 | $47,977-78.5% | $154,111-93.3% | $56,287-81.6% |
| Participation rate | 58.6% | 66.2%-7.5pp | 83.0%-24.4pp | 69.9%-11.2pp |
| Annual return | -3.03% | 3.54%-6.6pp | 735.18%-738.2pp | -9.96%+6.9pp |
| Employer contribution / active EE | $267 | $2,169-87.7% | $5,298-95.0% | $2,111-87.4% |
| Participant deferral / active EE | $1,193 | $2,392-50.1% | $5,081-76.5% | $3,350-64.4% |
| Admin fee / account holder | $7 | $438-98.3% | $13,411-99.9% | $521-98.6% |