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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 | Account maintenance fees; Recordkeepi... | $675 |
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 | $19,166 | $47,977-60.1% | $154,108-87.6% | $56,289-66.0% |
| Participation rate | 61.0% | 66.2%-5.1pp | 83.0%-22.0pp | 69.9%-8.8pp |
| Annual return | -5.01% | 3.54%-8.5pp | 735.21%-740.2pp | -9.96%+5.0pp |
| Employer contribution / active EE | $788 | $2,169-63.6% | $5,298-85.1% | $2,111-62.7% |
| Participant deferral / active EE | $706 | $2,392-70.5% | $5,081-86.1% | $3,350-78.9% |
| Admin fee / account holder | $5 | $438-98.9% | $13,411-100.0% | $521-99.1% |