Filed July 26, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Participant loan p... | $6,481 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $7,057 | $44,989-84.3% | $170,435-95.9% | $77,958-90.9% |
| Participation rate | 90.3% | 64.6%+25.7pp | 83.6%+6.7pp | 71.6%+18.6pp |
| Annual return | 15.43% | 19.61%-4.2pp | 205.94%-190.5pp | 20.87%-5.4pp |
| Employer contribution / active EE | $326 | $1,466-77.8% | $5,432-94.0% | $2,310-85.9% |
| Participant deferral / active EE | $606 | $2,208-72.5% | $4,939-87.7% | $3,537-82.9% |
| Admin fee / account holder | $5 | $69-92.3% | $13,881-100.0% | $97-94.5% |