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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... | $2,536 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $35,471 | $77,638-54.3% | $156,551-77.3% | $62,881-43.6% |
| Participation rate | 63.2% | 71.2%-8.0pp | 84.0%-20.9pp | 69.3%-6.1pp |
| Annual return | 6.39% | 50.33%-43.9pp | 32.23%-25.8pp | 20.14%-13.8pp |
| Employer contribution / active EE | $1,131 | $3,444-67.1% | $5,501-79.4% | $2,281-50.4% |
| Participant deferral / active EE | $1,565 | $3,046-48.6% | $4,871-67.9% | $3,203-51.1% |
| Admin fee / account holder | $14 | $5,561-99.7% | $13,028-99.9% | $4,296-99.7% |