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 | Participant loan processing; Claims p... | $6,014 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $11,431 | $32,085-64.4% | $40,145,923-100.0% | $57,658-80.2% |
| Participation rate | 91.2% | 66.0%+25.3pp | 68.4%+22.8pp | 70.2%+21.0pp |
| Annual return | 10.51% | 9.60%+0.9pp | 5.24%+5.3pp | 5.13%+5.4pp |
| Employer contribution / active EE | $698 | $1,179-40.8% | $1,844-62.2% | $1,974-64.6% |
| Participant deferral / active EE | $1,881 | $1,957-3.9% | $2,591-27.4% | $3,061-38.5% |
| Admin fee / account holder | $0 | $75-100.0% | $2,903-100.0% | $95-100.0% |