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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 10222 | Account maintenance fees; Claims proc... | $4,560 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,408 | $74,347-73.9% | $93,614-79.3% | $67,579-71.3% |
| Participation rate | 54.5% | 80.6%-26.1pp | 75.8%-21.3pp | 71.3%-16.8pp |
| Annual return | 0.00% | 28.07%-28.1pp | 32.76%-32.8pp | 378.56%-378.6pp |
| Employer contribution / active EE | $1,128 | $2,583-56.3% | $2,718-58.5% | $2,148-47.5% |
| Participant deferral / active EE | $2,202 | $4,060-45.8% | $4,069-45.9% | $3,539-37.8% |
| Admin fee / account holder | $55 | $123-54.9% | $7,889-99.3% | $142-61.1% |