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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 | Account maintenance fees; Recordkeepi... | $1,929 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $7,861 | $57,658-86.4% | $46,225-83.0% | $57,658-86.4% |
| Participation rate | 92.4% | 70.2%+22.2pp | 79.5%+12.9pp | 70.2%+22.2pp |
| Annual return | 13.15% | 5.13%+8.0pp | 7.57%+5.6pp | 5.13%+8.0pp |
| Employer contribution / active EE | $619 | $1,974-68.6% | $3,424-81.9% | $1,974-68.6% |
| Participant deferral / active EE | $492 | $3,061-83.9% | $3,776-87.0% | $3,061-83.9% |
| Admin fee / account holder | $6 | $95-94.0% | $3,519-99.8% | $95-94.0% |