Filed December 9, 2024 (most recent of 2 filings on file)
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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 | Claims processing; Participant loan p... | $2,459 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $16,898 | $46,360-63.6% | $147,617-88.6% | $52,331-67.7% |
| Participation rate | 100.0% | 64.9%+35.1pp | 84.6%+15.4pp | 68.1%+31.9pp |
| Annual return | 0.52% | 1.62%-1.1pp | 61.98%-61.5pp | 4.54%-4.0pp |
| Employer contribution / active EE | $2,219 | $2,126+4.4% | $5,564-60.1% | $1,882+17.9% |
| Participant deferral / active EE | $1,458 | $2,258-35.4% | $4,895-70.2% | $3,022-51.8% |
| Admin fee / account holder | $9 | $766-98.8% | $11,612-99.9% | $592-98.4% |