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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... | $1,383 |
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 | $28,463 | $75,962-62.5% | $154,111-81.5% | $64,173-55.6% |
| Participation rate | 93.7% | 70.4%+23.2pp | 83.0%+10.6pp | 69.6%+24.1pp |
| Annual return | 10.29% | 30.32%-20.0pp | 735.18%-724.9pp | 7.63%+2.7pp |
| Employer contribution / active EE | $2,028 | $3,350-39.5% | $5,298-61.7% | $2,381-14.8% |
| Participant deferral / active EE | $2,566 | $3,175-19.2% | $5,081-49.5% | $3,470-26.0% |
| Admin fee / account holder | $1,321 | $5,589-76.4% | $13,411-90.1% | $4,887-73.0% |