Filed November 24, 2023 (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 13 320 PARK AVENUE · NEW YORK, NY 10022 | Contract Administrator | $4,913 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $4,699 | $38,925-87.9% | $73,836-93.6% | $55,191-91.5% |
| Participation rate | 99.9% | 66.0%+33.8pp | 73.4%+26.4pp | 69.2%+30.7pp |
| Annual return | -0.26% | 6.31%-6.6pp | 2268.06%-2268.3pp | 10.78%-11.0pp |
| Employer contribution / active EE | $818 | $1,695-51.7% | $2,787-70.6% | $1,899-56.9% |
| Participant deferral / active EE | $0 | $2,351-100.0% | $3,583-100.0% | $3,046-100.0% |
| Admin fee / account holder | $5 | $83-94.1% | $4,882-99.9% | $91-94.6% |