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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 ... | $1,628 |
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.
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 | $26,315 | $51,466-48.9% | $78,778-66.6% | $62,293-57.8% |
| Participation rate | 59.1% | 59.8%-0.7pp | 69.2%-10.1pp | 69.5%-10.4pp |
| Annual return | 19.22% | 19.96%-0.7pp | 35.62%-16.4pp | 28.90%-9.7pp |
| Employer contribution / active EE | $0 | $827-100.0% | $1,986-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,618 | $2,147+21.9% | $2,958-11.5% | $3,169-17.4% |
| Admin fee / account holder | $8 | $489-98.3% | $5,134-99.8% | $479-98.3% |