Filed May 19, 2021 (most recent of 2 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; Recordkeeping and ... | $3,092 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,801 | $47,977-73.3% | $154,107-91.7% | $56,287-77.3% |
| Participation rate | 88.3% | 66.2%+22.1pp | 83.0%+5.2pp | 69.9%+18.4pp |
| Annual return | -5.02% | 3.54%-8.6pp | 735.12%-740.1pp | -9.96%+4.9pp |
| Employer contribution / active EE | $501 | $2,169-76.9% | $5,298-90.5% | $2,111-76.3% |
| Participant deferral / active EE | $705 | $2,392-70.5% | $5,081-86.1% | $3,350-78.9% |
| Admin fee / account holder | $23 | $438-94.8% | $13,411-99.8% | $521-95.6% |