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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 | $399 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $39,806 | $54,237-26.6% | $90,304-55.9% | $67,579-41.1% |
| Participation rate | 7.3% | 68.6%-61.3pp | 73.3%-66.0pp | 71.3%-64.0pp |
| Annual return | 32.91% | 37.27%-4.4pp | 78.13%-45.2pp | 378.56%-345.6pp |
| Employer contribution / active EE | $0 | $1,846-100.0% | $2,855-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $149 | $2,625-94.3% | $3,885-96.2% | $3,539-95.8% |
| Admin fee / account holder | $6 | $123-94.9% | $5,354-99.9% | $142-95.5% |