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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 15 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $51 |
Filed as: JOHN HANCOCK LIFE INSURACE COMPANY Service code 15 · EIN 01-0233346 | Recordkeeping | $0 |
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 | $6,553 | $41,377-84.2% | $109,313-94.0% | $62,881-89.6% |
| Participation rate | 44.3% | 57.5%-13.3pp | 71.3%-27.0pp | 69.3%-25.0pp |
| Annual return | 5.91% | 11.05%-5.1pp | 22.07%-16.2pp | 20.14%-14.2pp |
| Employer contribution / active EE | $436 | $1,276-65.8% | $3,892-88.8% | $2,281-80.9% |
| Participant deferral / active EE | $521 | $2,045-74.5% | $3,166-83.6% | $3,203-83.7% |
| Admin fee / account holder | $77 | $2,884-97.3% | $5,666-98.6% | $4,296-98.2% |