Filed May 19, 2021 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Account maintenance fees; Participant... | $3,174 |
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 | $14,107 | $55,453-74.6% | $170,435-91.7% | $62,293-77.4% |
| Participation rate | 94.4% | 66.4%+28.0pp | 83.6%+10.8pp | 69.5%+24.9pp |
| Annual return | 12.75% | 21.38%-8.6pp | 205.94%-193.2pp | 28.90%-16.1pp |
| Employer contribution / active EE | $613 | $2,164-71.7% | $5,432-88.7% | $2,042-70.0% |
| Participant deferral / active EE | $888 | $2,303-61.4% | $4,939-82.0% | $3,169-72.0% |
| Admin fee / account holder | $2 | $455-99.6% | $13,881-100.0% | $479-99.6% |