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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; Account maintenanc... | $3,854 |
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 | $24,392 | $47,977-49.2% | $154,108-84.2% | $56,289-56.7% |
| Participation rate | 80.3% | 66.2%+14.1pp | 83.0%-2.8pp | 69.9%+10.4pp |
| Annual return | -4.63% | 3.54%-8.2pp | 735.21%-739.8pp | -9.96%+5.3pp |
| Employer contribution / active EE | $591 | $2,169-72.8% | $5,298-88.8% | $2,111-72.0% |
| Participant deferral / active EE | $1,741 | $2,392-27.2% | $5,081-65.7% | $3,350-48.0% |
| Admin fee / account holder | $7 | $438-98.4% | $13,411-99.9% | $521-98.6% |