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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 | Recordkeeping and information managem... | $436 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $15,765 | $41,854-62.3% | $73,836-78.6% | $52,331-69.9% |
| Participation rate | 55.3% | 66.2%-10.9pp | 73.4%-18.1pp | 68.1%-12.8pp |
| Annual return | 2.16% | 2.11%+0.1pp | 2268.06%-2265.9pp | 4.54%-2.4pp |
| Employer contribution / active EE | $480 | $1,920-75.0% | $2,787-82.8% | $1,882-74.5% |
| Participant deferral / active EE | $1,200 | $2,498-52.0% | $3,583-66.5% | $3,022-60.3% |
| Admin fee / account holder | $71 | $493-85.6% | $4,882-98.5% | $592-88.0% |