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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 | $22,370 |
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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.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $31,749 | $43,809-27.5% | $115,939-72.6% | $52,729-39.8% |
| Participation rate | 0.0% | 7.6%-7.6pp | 19.3%-19.3pp | 12.6%-12.6pp |
| Annual return | 6.34% | 4.23%+2.1pp | 3.97%+2.4pp | 4.56%+1.8pp |
| Employer contribution / active EE | $982 | $16,147-93.9% | $28,168-96.5% | $15,526-93.7% |
| Participant deferral / active EE | $0 | $429-100.0% | $274-100.0% | $97-100.0% |
| Admin fee / account holder | $80 | $850-90.6% | $12,837-99.4% | $1,711-95.3% |