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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 ... | $1,060 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $33,961 | $75,959-55.3% | $154,114-78.0% | $64,181-47.1% |
| Participation rate | 91.1% | 70.4%+20.7pp | 83.0%+8.0pp | 69.6%+21.5pp |
| Annual return | 9.20% | 30.32%-21.1pp | 735.16%-726.0pp | 7.63%+1.6pp |
| Employer contribution / active EE | $798 | $3,350-76.2% | $5,298-84.9% | $2,381-66.5% |
| Participant deferral / active EE | $2,814 | $3,175-11.4% | $5,081-44.6% | $3,470-18.9% |
| Admin fee / account holder | $397 | $5,589-92.9% | $13,411-97.0% | $4,887-91.9% |