Filed September 4, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 23 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Insurance services | $602 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $20,029 | $77,638-74.2% | $156,551-87.2% | $62,881-68.1% |
| Participation rate | 95.3% | 71.2%+24.1pp | 84.0%+11.3pp | 69.3%+26.0pp |
| Annual return | 3.54% | 50.33%-46.8pp | 32.23%-28.7pp | 20.14%-16.6pp |
| Employer contribution / active EE | $0 | $3,444-100.0% | $5,501-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $2,472 | $3,046-18.8% | $4,871-49.2% | $3,203-22.8% |
| Admin fee / account holder | $9 | $5,561-99.8% | $13,028-99.9% | $4,296-99.8% |