Filed June 25, 2024 (most recent of 2 filings on file)
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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; Participant loan p... | $1,182 |
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 | $26,036 | $46,732-44.3% | $156,551-83.4% | $55,167-52.8% |
| Participation rate | 100.0% | 65.8%+34.2pp | 84.0%+16.0pp | 69.0%+31.0pp |
| Annual return | 10.75% | 17.72%-7.0pp | 32.23%-21.5pp | 169.23%-158.5pp |
| Employer contribution / active EE | $2,238 | $2,105+6.3% | $5,501-59.3% | $1,963+14.0% |
| Participant deferral / active EE | $3,603 | $2,204+63.5% | $4,871-26.0% | $3,054+18.0% |
| Admin fee / account holder | $8 | $418-98.1% | $13,028-99.9% | $504-98.4% |