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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 ... | $1,245 |
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 | $7,514 | $55,453-86.5% | $170,435-95.6% | $62,293-87.9% |
| Participation rate | 100.0% | 66.4%+33.6pp | 83.6%+16.4pp | 69.5%+30.5pp |
| Annual return | 13.67% | 21.38%-7.7pp | 205.94%-192.3pp | 28.90%-15.2pp |
| Employer contribution / active EE | $544 | $2,164-74.8% | $5,432-90.0% | $2,042-73.3% |
| Participant deferral / active EE | $383 | $2,303-83.4% | $4,939-92.3% | $3,169-87.9% |
| Admin fee / account holder | $6 | $455-98.7% | $13,881-100.0% | $479-98.8% |