Filed July 20, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA INSURANCE COMPANY Service code 12 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Account maintenanc... | $2,776 |
Annual investment return 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.
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 | $16,142 | $80,753-80.0% | $136,298-88.2% | $62,293-74.1% |
| Participation rate | 100.0% | 73.5%+26.5pp | 81.9%+18.1pp | 69.5%+30.5pp |
| Annual return | 8.78% | 35.83%-27.1pp | 5156.27%-5147.5pp | 28.90%-20.1pp |
| Employer contribution / active EE | $1,675 | $2,884-41.9% | $4,696-64.3% | $2,042-18.0% |
| Participant deferral / active EE | $0 | $5,164-100.0% | $6,247-100.0% | $3,169-100.0% |
| Admin fee / account holder | $12 | $525-97.7% | $9,244-99.9% | $479-97.4% |