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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 | Recordkeeping and information managem... | $1,717 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $14,026 | $48,078-70.8% | $78,676-82.2% | $62,881-77.7% |
| Participation rate | 100.0% | 65.2%+34.8pp | 73.6%+26.4pp | 69.3%+30.7pp |
| Annual return | -1.46% | 31.36%-32.8pp | 62.19%-63.7pp | 20.14%-21.6pp |
| Employer contribution / active EE | $854 | $2,015-57.6% | $2,850-70.0% | $2,281-62.6% |
| Participant deferral / active EE | $433 | $2,587-83.3% | $3,517-87.7% | $3,203-86.5% |
| Admin fee / account holder | $504 | $3,206-84.3% | $4,510-88.8% | $4,296-88.3% |