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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... | $2,014 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $9,379 | $47,977-80.5% | $154,108-93.9% | $56,289-83.3% |
| Participation rate | 47.9% | 66.2%-18.2pp | 83.0%-35.1pp | 69.9%-21.9pp |
| Annual return | -5.23% | 3.54%-8.8pp | 735.21%-740.4pp | -9.96%+4.7pp |
| Employer contribution / active EE | $0 | $2,169-100.0% | $5,298-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $894 | $2,392-62.6% | $5,081-82.4% | $3,350-73.3% |
| Admin fee / account holder | $7 | $438-98.3% | $13,411-99.9% | $521-98.6% |