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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 14 320 PARK AVENUE · NEW YORK, NY 10022 | Plan Administrator | $21,415 |
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $25,952 | $36,706-29.3% | $108,235-76.0% | $50,876-49.0% |
| Participation rate | 0.0% | 18.1%-18.1pp | 32.2%-32.2pp | 15.7%-15.7pp |
| Annual return | 0.27% | -0.85%+1.1pp | -1.08%+1.4pp | -7.14%+7.4pp |
| Employer contribution / active EE | $926 | $14,391-93.6% | $35,779-97.4% | $14,613-93.7% |
| Participant deferral / active EE | $0 | $122-100.0% | $238-100.0% | $60-100.0% |
| Admin fee / account holder | $64 | $210-69.6% | $13,449-99.5% | $1,191-94.6% |