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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 | Account maintenance fees; Claims proc... | $479 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,289 | $75,962-68.0% | $154,108-84.2% | $64,173-62.2% |
| Participation rate | 100.0% | 70.4%+29.6pp | 83.0%+17.0pp | 69.6%+30.4pp |
| Annual return | -4.58% | 30.32%-34.9pp | 735.21%-739.8pp | 7.63%-12.2pp |
| Employer contribution / active EE | $1,219 | $3,350-63.6% | $5,298-77.0% | $2,381-48.8% |
| Participant deferral / active EE | $1,103 | $3,175-65.3% | $5,081-78.3% | $3,470-68.2% |
| Admin fee / account holder | $2,901 | $5,589-48.1% | $13,411-78.4% | $4,887-40.6% |