Filed January 8, 2024 (most recent of 3 filings on file)
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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... | $2,542 |
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 | $13,185 | $36,916-64.3% | $156,551-91.6% | $57,658-77.1% |
| Participation rate | 96.4% | 63.4%+32.9pp | 84.0%+12.3pp | 70.2%+26.1pp |
| Annual return | 10.35% | 12.38%-2.0pp | 32.23%-21.9pp | 5.13%+5.2pp |
| Employer contribution / active EE | $583 | $1,571-62.9% | $5,501-89.4% | $1,974-70.4% |
| Participant deferral / active EE | $1,300 | $1,926-32.5% | $4,871-73.3% | $3,061-57.5% |
| Admin fee / account holder | $7 | $82-91.6% | $13,028-99.9% | $95-92.6% |