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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; Account maintenanc... | $858 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,003 | $48,078-39.7% | $78,676-63.1% | $62,881-53.9% |
| Participation rate | 59.7% | 65.2%-5.5pp | 73.6%-13.9pp | 69.3%-9.6pp |
| Annual return | 9.40% | 31.36%-22.0pp | 62.19%-52.8pp | 20.14%-10.7pp |
| Employer contribution / active EE | $651 | $2,015-67.7% | $2,850-77.2% | $2,281-71.4% |
| Participant deferral / active EE | $2,363 | $2,587-8.7% | $3,517-32.8% | $3,203-26.2% |
| Admin fee / account holder | $379 | $3,206-88.2% | $4,510-91.6% | $4,296-91.2% |