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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; Recordkeepi... | $2,871 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $13,214 | $36,916-64.2% | $156,551-91.6% | $57,658-77.1% |
| Participation rate | 69.8% | 63.4%+6.4pp | 84.0%-14.2pp | 70.2%-0.4pp |
| Annual return | 7.96% | 12.38%-4.4pp | 32.23%-24.3pp | 5.13%+2.8pp |
| Employer contribution / active EE | $782 | $1,571-50.2% | $5,501-85.8% | $1,974-60.4% |
| Participant deferral / active EE | $536 | $1,926-72.2% | $4,871-89.0% | $3,061-82.5% |
| Admin fee / account holder | $9 | $82-89.3% | $13,028-99.9% | $95-90.6% |