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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 | Account maintenance fees; Trustee (ba... | $1,609 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,648 | $54,237-80.4% | $90,324-88.2% | $67,582-84.2% |
| Participation rate | 67.0% | 68.6%-1.6pp | 73.3%-6.3pp | 71.3%-4.3pp |
| Annual return | 6.12% | 37.27%-31.2pp | 78.15%-72.0pp | 378.57%-372.5pp |
| Employer contribution / active EE | $498 | $1,846-73.0% | $2,856-82.6% | $2,148-76.8% |
| Participant deferral / active EE | $989 | $2,625-62.3% | $3,885-74.5% | $3,539-72.1% |
| Admin fee / account holder | $5 | $123-96.0% | $5,356-99.9% | $142-96.5% |