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 | Participant loan processing; Recordke... | $6,953 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $9,593 | $37,196-74.2% | $154,108-93.8% | $55,725-82.8% |
| Participation rate | 86.1% | 64.1%+22.0pp | 83.0%+3.0pp | 70.9%+15.2pp |
| Annual return | -0.21% | 1319.68%-1319.9pp | 735.21%-735.4pp | 244.93%-245.1pp |
| Employer contribution / active EE | $1,195 | $1,614-26.0% | $5,298-77.4% | $2,078-42.5% |
| Participant deferral / active EE | $1,112 | $2,068-46.2% | $5,081-78.1% | $3,356-66.9% |
| Admin fee / account holder | $48 | $102-52.8% | $13,411-99.6% | $115-58.4% |