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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 | Participant loan processing; Recordke... | $9,955 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,974 | $44,873-68.9% | $79,467-82.4% | $56,289-75.2% |
| Participation rate | 86.2% | 68.7%+17.4pp | 73.3%+12.8pp | 69.9%+16.3pp |
| Annual return | -5.40% | 0.81%-6.2pp | 718.30%-723.7pp | -9.96%+4.6pp |
| Employer contribution / active EE | $1,494 | $2,140-30.2% | $2,800-46.6% | $2,111-29.2% |
| Participant deferral / active EE | $1,917 | $2,746-30.2% | $3,704-48.2% | $3,350-42.8% |
| Admin fee / account holder | $147 | $418-64.8% | $5,104-97.1% | $521-71.7% |