Filed March 9, 2023
Total covered: 20 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 52-0784063 320 PARK AVENUE · NEW YORK, NY 10022 | Account maintenance fees; Claims proc... | $559 |
Service code 13 · EIN 35-1140070 150 NORTH RADNOR - CHESTER ROAD · RADNOR, PA 19087 | Contract Administrator | $125 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $14,052 | $49,177-71.4% | $79,467-82.3% | $64,173-78.1% |
| Participation rate | 94.3% | 65.0%+29.3pp | 73.3%+20.9pp | 69.6%+24.7pp |
| Annual return | 7.02% | -1.16%+8.2pp | 718.30%-711.3pp | 7.63%-0.6pp |
| Employer contribution / active EE | $338 | $2,076-83.7% | $2,800-87.9% | $2,381-85.8% |
| Participant deferral / active EE | $3,424 | $2,821+21.3% | $3,704-7.6% | $3,470-1.3% |
| Admin fee / account holder | $6 | $3,839-99.8% | $5,104-99.9% | $4,887-99.9% |