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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 35-0145825 | Contract Administrator | $4,658 |
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Recordkeeping and ... | $1,309 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $18,383 | $41,854-56.1% | $73,836-75.1% | $52,331-64.9% |
| Participation rate | 67.5% | 66.2%+1.3pp | 73.4%-5.9pp | 68.1%-0.6pp |
| Annual return | 12.41% | 2.11%+10.3pp | 2268.06%-2255.6pp | 4.54%+7.9pp |
| Employer contribution / active EE | $646 | $1,920-66.4% | $2,787-76.8% | $1,882-65.7% |
| Participant deferral / active EE | $3,008 | $2,498+20.4% | $3,583-16.0% | $3,022-0.5% |
| Admin fee / account holder | $8 | $493-98.4% | $4,882-99.8% | $592-98.7% |