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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; Account maintenanc... | $682 |
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.
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 | $18,631 | $41,854-55.5% | $73,836-74.8% | $52,331-64.4% |
| Participation rate | 41.2% | 66.2%-25.0pp | 73.4%-32.2pp | 68.1%-26.9pp |
| Annual return | -0.83% | 2.11%-2.9pp | 2268.06%-2268.9pp | 4.54%-5.4pp |
| Employer contribution / active EE | $670 | $1,920-65.1% | $2,787-75.9% | $1,882-64.4% |
| Participant deferral / active EE | $621 | $2,498-75.1% | $3,583-82.7% | $3,022-79.4% |
| Admin fee / account holder | $6 | $493-98.7% | $4,882-99.9% | $592-98.9% |