Filed November 24, 2023 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| 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; Recordkeepi... | $10,697 |
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 | $6,403 | $43,999-85.4% | $79,467-91.9% | $55,725-88.5% |
| Participation rate | 93.0% | 66.9%+26.0pp | 73.3%+19.6pp | 70.9%+22.1pp |
| Annual return | -5.67% | 1.81%-7.5pp | 718.30%-724.0pp | 244.93%-250.6pp |
| Employer contribution / active EE | $1,122 | $1,830-38.7% | $2,800-59.9% | $2,078-46.0% |
| Participant deferral / active EE | $0 | $2,538-100.0% | $3,704-100.0% | $3,356-100.0% |
| Admin fee / account holder | $12 | $118-89.5% | $5,104-99.8% | $115-89.3% |