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 12 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping and information managem... | $10,437 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,349 | $46,100-84.1% | $86,590-91.5% | $69,631-89.4% |
| Participation rate | 95.8% | 67.2%+28.6pp | 73.5%+22.2pp | 70.7%+25.1pp |
| Annual return | 12.45% | 21.02%-8.6pp | 964.84%-952.4pp | 27571.02%-27558.6pp |
| Employer contribution / active EE | $976 | $1,850-47.3% | $2,839-65.6% | $2,032-52.0% |
| Participant deferral / active EE | $0 | $2,432-100.0% | $3,609-100.0% | $3,224-100.0% |
| Admin fee / account holder | $13 | $94-86.1% | $4,906-99.7% | $110-88.2% |