Filed April 9, 2025
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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; Participant loan p... | $5,847 |
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 | $6,310 | $36,916-82.9% | $156,551-96.0% | $57,658-89.1% |
| Participation rate | 94.3% | 63.4%+30.8pp | 84.0%+10.2pp | 70.2%+24.0pp |
| Annual return | 7.35% | 12.38%-5.0pp | 32.23%-24.9pp | 5.13%+2.2pp |
| Employer contribution / active EE | $885 | $1,571-43.6% | $5,501-83.9% | $1,974-55.2% |
| Participant deferral / active EE | $887 | $1,926-53.9% | $4,871-81.8% | $3,061-71.0% |
| Admin fee / account holder | $5 | $82-94.0% | $13,028-100.0% | $95-94.8% |