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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; Recordkeeping and ... | $723 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,015 | $84,236-77.4% | $170,435-88.8% | $70,126-72.9% |
| Participation rate | 27.7% | 70.8%-43.2pp | 83.6%-55.9pp | 69.5%-41.9pp |
| Annual return | 8.07% | 23.06%-15.0pp | 205.94%-197.9pp | 73.15%-65.1pp |
| Employer contribution / active EE | $462 | $3,387-86.4% | $5,432-91.5% | $2,343-80.3% |
| Participant deferral / active EE | $560 | $3,086-81.9% | $4,939-88.7% | $3,332-83.2% |
| Admin fee / account holder | $7,004 | $5,698+22.9% | $13,881-49.5% | $4,645+50.8% |