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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 | Participant loan processing; Recordke... | $1,939 |
Participant contribution per participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $7,802 | $77,638-90.0% | $156,551-95.0% | $62,881-87.6% |
| Participation rate | 95.6% | 71.2%+24.4pp | 84.0%+11.5pp | 69.3%+26.3pp |
| Annual return | 10.96% | 50.33%-39.4pp | 32.23%-21.3pp | 20.14%-9.2pp |
| Employer contribution / active EE | $809 | $3,444-76.5% | $5,501-85.3% | $2,281-64.5% |
| Participant deferral / active EE | $705 | $3,046-76.8% | $4,871-85.5% | $3,203-78.0% |
| Admin fee / account holder | $39 | $5,561-99.3% | $13,028-99.7% | $4,296-99.1% |