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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... | $1,016 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,543 | $75,962-88.8% | $154,108-94.5% | $64,173-86.7% |
| Participation rate | 98.8% | 70.4%+28.4pp | 83.0%+15.7pp | 69.6%+29.2pp |
| Annual return | -4.00% | 30.32%-34.3pp | 735.21%-739.2pp | 7.63%-11.6pp |
| Employer contribution / active EE | $826 | $3,350-75.3% | $5,298-84.4% | $2,381-65.3% |
| Participant deferral / active EE | $1,051 | $3,175-66.9% | $5,081-79.3% | $3,470-69.7% |
| Admin fee / account holder | $1,002 | $5,589-82.1% | $13,411-92.5% | $4,887-79.5% |