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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... | $516 |
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 | $15,941 | $43,423-63.3% | $78,676-79.7% | $55,167-71.1% |
| Participation rate | 92.2% | 68.0%+24.2pp | 73.6%+18.7pp | 69.0%+23.2pp |
| Annual return | 9.03% | 11.53%-2.5pp | 62.19%-53.2pp | 169.23%-160.2pp |
| Employer contribution / active EE | $392 | $1,997-80.4% | $2,850-86.2% | $1,963-80.0% |
| Participant deferral / active EE | $1,595 | $2,509-36.4% | $3,517-54.6% | $3,054-47.8% |
| Admin fee / account holder | $524 | $416+26.0% | $4,510-88.4% | $504+4.0% |