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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INS CO Service code 12 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $761 |
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.
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 | $8,636 | $63,768-86.5% | $98,506-91.2% | $79,389-89.1% |
| Participation rate | 30.6% | 69.9%-39.3pp | 73.3%-42.8pp | 70.7%-40.1pp |
| Annual return | 13.65% | 626.18%-612.5pp | 1494.92%-1481.3pp | 116.89%-103.2pp |
| Employer contribution / active EE | $0 | $2,558-100.0% | $2,961-100.0% | $2,428-100.0% |
| Participant deferral / active EE | $159 | $3,305-95.2% | $4,277-96.3% | $4,046-96.1% |
| Admin fee / account holder | $9 | $516-98.2% | $5,955-99.8% | $626-98.5% |