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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 | $240 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,632 | $47,766-2.4% | $82,744-43.6% | $64,819-28.1% |
| Participation rate | 6.1% | 67.7%-61.6pp | 72.6%-66.4pp | 71.5%-65.3pp |
| Annual return | -6.16% | -13.06%+6.9pp | 702.22%-708.4pp | 32.84%-39.0pp |
| Employer contribution / active EE | $0 | $2,182-100.0% | $3,008-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $144 | $3,332-95.7% | $4,395-96.7% | $4,311-96.6% |
| Admin fee / account holder | $4 | $143-97.2% | $5,325-99.9% | $188-97.9% |