Filed August 7, 2024 (most recent of 4 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; Direct payment fro... | $1,124 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $75,992 | $48,078+58.1% | $78,676-3.4% | $62,881+20.9% |
| Participation rate | 96.3% | 65.2%+31.1pp | 73.6%+22.8pp | 69.3%+27.0pp |
| Annual return | 7.79% | 31.36%-23.6pp | 62.19%-54.4pp | 20.14%-12.4pp |
| Employer contribution / active EE | $3,870 | $2,015+92.1% | $2,850+35.8% | $2,281+69.7% |
| Participant deferral / active EE | $5,282 | $2,587+104.2% | $3,517+50.2% | $3,203+64.9% |
| Admin fee / account holder | $0 | $3,206-100.0% | $4,510-100.0% | $4,296-100.0% |