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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 | Claims processing; Recordkeeping and ... | $912 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,845 | $49,177-71.8% | $79,467-82.6% | $64,173-78.4% |
| Participation rate | 88.1% | 65.0%+23.1pp | 73.3%+14.8pp | 69.6%+18.6pp |
| Annual return | -5.10% | -1.16%-3.9pp | 718.30%-723.4pp | 7.63%-12.7pp |
| Employer contribution / active EE | $0 | $2,076-100.0% | $2,800-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $2,548 | $2,821-9.7% | $3,704-31.2% | $3,470-26.6% |
| Admin fee / account holder | $3,373 | $3,839-12.1% | $5,104-33.9% | $4,887-31.0% |