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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 | Account maintenance fees; Participant... | $787 |
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 | $16,708 | $75,962-78.0% | $154,108-89.2% | $64,173-74.0% |
| Participation rate | 37.4% | 70.4%-33.1pp | 83.0%-45.7pp | 69.6%-32.2pp |
| Annual return | -1.92% | 30.32%-32.2pp | 735.21%-737.1pp | 7.63%-9.6pp |
| Employer contribution / active EE | $531 | $3,350-84.2% | $5,298-90.0% | $2,381-77.7% |
| Participant deferral / active EE | $663 | $3,175-79.1% | $5,081-86.9% | $3,470-80.9% |
| Admin fee / account holder | $1,558 | $5,589-72.1% | $13,411-88.4% | $4,887-68.1% |