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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA Service code 15 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $8,463 |
Filed as: WILSHIRE Service code 21 1299 OCEAN AVENUE · SANTA MONICA, CA 90401 | Bank Trustee | $8,463 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,078 | $77,670-69.0% | $109,163-77.9% | $79,393-69.7% |
| Participation rate | 30.9% | 67.8%-36.9pp | 75.9%-45.0pp | 70.7%-39.8pp |
| Annual return | 14.32% | 23.44%-9.1pp | 25.75%-11.4pp | 116.87%-102.5pp |
| Employer contribution / active EE | $688 | $2,798-75.4% | $3,723-81.5% | $2,428-71.7% |
| Participant deferral / active EE | $2,073 | $3,518-41.1% | $4,654-55.4% | $4,046-48.8% |
| Admin fee / account holder | $201 | $732-72.6% | $6,754-97.0% | $627-68.0% |