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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 | Recordkeeping and information managem... | $359 |
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.
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 | $22,379 | $46,732-52.1% | $156,551-85.7% | $55,167-59.4% |
| Participation rate | 34.7% | 65.8%-31.1pp | 84.0%-49.4pp | 69.0%-34.3pp |
| Annual return | 6.64% | 17.72%-11.1pp | 32.23%-25.6pp | 169.23%-162.6pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $749 | $2,204-66.0% | $4,871-84.6% | $3,054-75.5% |
| Admin fee / account holder | $4 | $418-99.1% | $13,028-100.0% | $504-99.3% |