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 | Participant loan processing; Claims 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 | $51,878-81.6% | $68,368-86.0% | $79,634-88.0% |
| Participation rate | 76.6% | 53.7%+22.9pp | 73.8%+2.8pp | 62.5%+14.1pp |
| Annual return | 19.73% | 137.43%-117.7pp | 292.57%-272.8pp | 36.46%-16.7pp |
| Employer contribution / active EE | $383 | $1,931-80.2% | $2,649-85.5% | $2,529-84.9% |
| Participant deferral / active EE | $1,256 | $2,577-51.3% | $4,123-69.5% | $3,835-67.3% |
| Admin fee / account holder | $6 | $942-99.3% | $5,150-99.9% | $1,002-99.4% |