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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... | $796 |
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,393 | $49,177-68.7% | $79,467-80.6% | $64,173-76.0% |
| Participation rate | 67.6% | 65.0%+2.5pp | 73.3%-5.8pp | 69.6%-2.0pp |
| Annual return | -4.39% | -1.16%-3.2pp | 718.30%-722.7pp | 7.63%-12.0pp |
| Employer contribution / active EE | $527 | $2,076-74.6% | $2,800-81.2% | $2,381-77.8% |
| Participant deferral / active EE | $1,447 | $2,821-48.7% | $3,704-60.9% | $3,470-58.3% |
| Admin fee / account holder | $4,259 | $3,839+10.9% | $5,104-16.6% | $4,887-12.9% |