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 | Recordkeeping and information managem... | $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 | $44,398-78.5% | $103,693-90.8% | $65,191-85.3% |
| Participation rate | 76.6% | 54.3%+22.3pp | 72.6%+3.9pp | 63.0%+13.6pp |
| Annual return | 19.73% | 325.62%-305.9pp | 47.61%-27.9pp | 51.24%-31.5pp |
| Employer contribution / active EE | $383 | $1,702-77.5% | $2,920-86.9% | $2,400-84.0% |
| Participant deferral / active EE | $1,256 | $1,797-30.1% | $4,579-72.6% | $2,671-53.0% |
| Admin fee / account holder | $6 | $856-99.3% | $7,858-99.9% | $907-99.3% |