Filed May 17, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $0 |
Participant 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,587 | $33,5870% | $268,191-87.5% | $33,5870% |
| Participation rate | 97.1% | 24.3%+72.8pp | 87.6%+9.5pp | 24.3%+72.8pp |
| Annual return | -4.04% | -0.38%-3.7pp | -5.54%+1.5pp | -0.38%-3.7pp |
| Employer contribution / active EE | $1,263 | $6,100-79.3% | $17,350-92.7% | $6,100-79.3% |
| Participant deferral / active EE | $3,878 | $2,584+50.1% | $2,151+80.3% | $2,584+50.1% |
| Admin fee / account holder | $0 | $0 | $3,454-100.0% | - |