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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 | Account maintenance fees; Participant... | $1,186 |
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 | $21,873 | $77,638-71.8% | $156,551-86.0% | $62,881-65.2% |
| Participation rate | 100.0% | 71.2%+28.8pp | 84.0%+16.0pp | 69.3%+30.7pp |
| Annual return | 9.12% | 50.33%-41.2pp | 32.23%-23.1pp | 20.14%-11.0pp |
| Employer contribution / active EE | $1,739 | $3,444-49.5% | $5,501-68.4% | $2,281-23.8% |
| Participant deferral / active EE | $2,591 | $3,046-14.9% | $4,871-46.8% | $3,203-19.1% |
| Admin fee / account holder | $2,410 | $5,561-56.7% | $13,028-81.5% | $4,296-43.9% |