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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 ... | $0 |
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 | $13,414 | $74,024-81.9% | $78,002-82.8% | $57,658-76.7% |
| Participation rate | 88.4% | 79.7%+8.6pp | 75.5%+12.9pp | 70.2%+18.2pp |
| Annual return | 6.54% | 12.14%-5.6pp | 425.99%-419.4pp | 5.13%+1.4pp |
| Employer contribution / active EE | $786 | $2,365-66.8% | $2,470-68.2% | $1,974-60.2% |
| Participant deferral / active EE | $0 | $3,533-100.0% | $3,497-100.0% | $3,061-100.0% |
| Admin fee / account holder | $0 | $93-100.0% | $5,481-100.0% | $95-100.0% |