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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 | Claims processing; Recordkeeping and ... | $906 |
Employer 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 | $13,798 | $50,637-72.8% | $86,581-84.1% | $62,293-77.9% |
| Participation rate | 95.3% | 67.9%+27.4pp | 73.5%+21.8pp | 69.5%+25.8pp |
| Annual return | 15.00% | 20.80%-5.8pp | 965.06%-950.1pp | 28.90%-13.9pp |
| Employer contribution / active EE | $0 | $2,075-100.0% | $2,840-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,861 | $2,611-28.7% | $3,609-48.4% | $3,169-41.3% |
| Admin fee / account holder | $8 | $413-98.2% | $4,904-99.8% | $479-98.4% |