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 | Participant loan processing; Recordke... | $2,483 |
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 | $15,017 | $89,652-83.2% | $141,197-89.4% | $65,186-77.0% |
| Participation rate | 99.0% | 74.7%+24.3pp | 82.5%+16.6pp | 70.2%+28.8pp |
| Annual return | 13.54% | 32.79%-19.2pp | 71.41%-57.9pp | 29.39%-15.8pp |
| Employer contribution / active EE | $1,524 | $3,065-50.3% | $4,736-67.8% | $2,177-30.0% |
| Participant deferral / active EE | $0 | $5,691-100.0% | $6,710-100.0% | $3,514-100.0% |
| Admin fee / account holder | $10 | $569-98.3% | $10,265-99.9% | $847-98.9% |