Filed June 12, 2015
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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; Participant loan p... | $6,796 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $11,313 | $33,914-66.6% | $63,412-82.2% | $52,331-78.4% |
| Participation rate | 100.0% | 59.6%+40.4pp | 67.1%+32.9pp | 68.1%+31.9pp |
| Annual return | -0.68% | 3.22%-3.9pp | 4.04%-4.7pp | 4.54%-5.2pp |
| Employer contribution / active EE | $764 | $1,121-31.8% | $1,814-57.9% | $1,882-59.4% |
| Participant deferral / active EE | $1,895 | $1,733+9.3% | $2,496-24.1% | $3,022-37.3% |
| Admin fee / account holder | $9 | $353-97.5% | $3,753-99.8% | $592-98.5% |