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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 ... | $0 |
Annual investment return 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $9,821 | $55,453-82.3% | $170,435-94.2% | $62,293-84.2% |
| Participation rate | 94.3% | 66.4%+28.0pp | 83.6%+10.7pp | 69.5%+24.8pp |
| Annual return | 10.32% | 21.38%-11.1pp | 205.94%-195.6pp | 28.90%-18.6pp |
| Employer contribution / active EE | $660 | $2,164-69.5% | $5,432-87.8% | $2,042-67.7% |
| Participant deferral / active EE | $1,156 | $2,303-49.8% | $4,939-76.6% | $3,169-63.5% |
| Admin fee / account holder | $1 | $455-99.8% | $13,881-100.0% | $479-99.8% |