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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 | Participant loan processing; Recordke... | $833 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,115 | $77,638-74.1% | $156,551-87.2% | $62,881-68.0% |
| Participation rate | 32.0% | 71.2%-39.2pp | 84.0%-52.1pp | 69.3%-37.3pp |
| Annual return | 10.82% | 50.33%-39.5pp | 32.23%-21.4pp | 20.14%-9.3pp |
| Employer contribution / active EE | $421 | $3,444-87.8% | $5,501-92.3% | $2,281-81.5% |
| Participant deferral / active EE | $547 | $3,046-82.1% | $4,871-88.8% | $3,203-82.9% |
| Admin fee / account holder | $2,443 | $5,561-56.1% | $13,028-81.2% | $4,296-43.1% |