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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 | Participant loan processing; Recordke... | $3,653 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,790 | $55,472-62.5% | $155,567-86.6% | $74,546-72.1% |
| Participation rate | 48.9% | 61.9%-13.0pp | 78.2%-29.3pp | 67.2%-18.3pp |
| Annual return | 19.76% | 268.72%-249.0pp | 64.74%-45.0pp | 1366.03%-1346.3pp |
| Employer contribution / active EE | $695 | $2,269-69.4% | $4,674-85.1% | $2,624-73.5% |
| Participant deferral / active EE | $1,154 | $2,838-59.3% | $5,628-79.5% | $4,347-73.5% |
| Admin fee / account holder | $20 | $1,743-98.8% | $15,916-99.9% | $1,944-99.0% |