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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 | Recordkeeping and information managem... | $3,135 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $68,168 | $44,473+53.3% | $76,518-10.9% | $55,725+22.3% |
| Participation rate | 91.9% | 51.0%+40.9pp | 68.0%+23.9pp | 70.9%+21.1pp |
| Annual return | -5.13% | -2.01%-3.1pp | -0.27%-4.9pp | 244.93%-250.1pp |
| Employer contribution / active EE | $4,594 | $1,101+317.1% | $2,647+73.5% | $2,078+121.0% |
| Participant deferral / active EE | $8,995 | $1,988+352.6% | $3,836+134.5% | $3,356+168.1% |
| Admin fee / account holder | $320 | $134+138.4% | $4,849-93.4% | $115+177.6% |