Filed June 13, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INS CO Service code 12 320 PARK AVE · NEW YORK, NY 10022 | Claims processing; Recordkeeping and ... | $3,039 |
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 | $19,892 | $46,732-57.4% | $156,551-87.3% | $55,167-63.9% |
| Participation rate | 87.7% | 65.8%+21.9pp | 84.0%+3.7pp | 69.0%+18.7pp |
| Annual return | 6.14% | 17.72%-11.6pp | 32.23%-26.1pp | 169.23%-163.1pp |
| Employer contribution / active EE | $2,702 | $2,105+28.3% | $5,501-50.9% | $1,963+37.7% |
| Participant deferral / active EE | $0 | $2,204-100.0% | $4,871-100.0% | $3,054-100.0% |
| Admin fee / account holder | $13 | $418-96.9% | $13,028-99.9% | $504-97.4% |