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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... | $1,827 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $15,947 | $36,916-56.8% | $156,552-89.8% | $57,658-72.3% |
| Participation rate | 58.0% | 63.4%-5.5pp | 84.0%-26.0pp | 70.2%-12.3pp |
| Annual return | 11.44% | 12.38%-0.9pp | 32.23%-20.8pp | 5.13%+6.3pp |
| Employer contribution / active EE | $605 | $1,571-61.5% | $5,501-89.0% | $1,974-69.3% |
| Participant deferral / active EE | $226 | $1,926-88.3% | $4,871-95.4% | $3,061-92.6% |
| Admin fee / account holder | $10 | $82-88.4% | $13,028-99.9% | $95-89.9% |