Filed October 30, 2017
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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; Claims proc... | $292 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $22,188 | $75,962-70.8% | $154,108-85.6% | $64,173-65.4% |
| Participation rate | 69.2% | 70.4%-1.2pp | 83.0%-13.8pp | 69.6%-0.3pp |
| Annual return | -2.76% | 30.32%-33.1pp | 735.21%-738.0pp | 7.63%-10.4pp |
| Employer contribution / active EE | $1,130 | $3,350-66.3% | $5,298-78.7% | $2,381-52.6% |
| Participant deferral / active EE | $1,469 | $3,175-53.7% | $5,081-71.1% | $3,470-57.7% |
| Admin fee / account holder | $4 | $5,589-99.9% | $13,411-100.0% | $4,887-99.9% |