Filed March 9, 2023
Total covered: 20 employees
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| Provider | Service type | Compensation |
|---|---|---|
MUTUAL OF AMERICA INVESTMENT CORP10+ years Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 52-0784063 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Participant loan p... | $2,247 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,565 | $44,206-78.4% | $94,057-89.8% | $64,728-85.2% |
| Participation rate | 76.6% | 51.0%+25.6pp | 73.3%+3.2pp | 57.9%+18.7pp |
| Annual return | 19.73% | 259.42%-239.7pp | 480.62%-460.9pp | 49.38%-29.6pp |
| Employer contribution / active EE | $383 | $1,635-76.6% | $2,933-86.9% | $2,243-82.9% |
| Participant deferral / active EE | $1,256 | $1,902-34.0% | $4,709-73.3% | $2,729-54.0% |
| Admin fee / account holder | $6 | $1,230-99.5% | $7,244-99.9% | $1,145-99.5% |