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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 | Recordkeeping and information managem... | $515 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,377 | $45,152-63.7% | $73,836-77.8% | $59,633-72.5% |
| Participation rate | 54.8% | 64.0%-9.2pp | 73.4%-18.6pp | 68.7%-13.9pp |
| Annual return | -1.21% | 27.40%-28.6pp | 2268.06%-2269.3pp | 2041.45%-2042.7pp |
| Employer contribution / active EE | $355 | $1,901-81.3% | $2,787-87.3% | $2,203-83.9% |
| Participant deferral / active EE | $1,058 | $2,573-58.9% | $3,583-70.5% | $3,192-66.9% |
| Admin fee / account holder | $1,192 | $3,515-66.1% | $4,882-75.6% | $4,297-72.2% |