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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 | Claims processing; Recordkeeping and ... | $1,493 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,794 | $46,732-68.3% | $156,551-90.6% | $55,167-73.2% |
| Participation rate | 82.2% | 65.8%+16.4pp | 84.0%-1.8pp | 69.0%+13.2pp |
| Annual return | 0.38% | 17.72%-17.3pp | 32.23%-31.9pp | 169.23%-168.9pp |
| Employer contribution / active EE | $454 | $2,105-78.4% | $5,501-91.7% | $1,963-76.9% |
| Participant deferral / active EE | $581 | $2,204-73.6% | $4,871-88.1% | $3,054-81.0% |
| Admin fee / account holder | $960 | $418+129.5% | $13,028-92.6% | $504+90.5% |