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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... | $3,815 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $19,446 | $46,173-57.9% | $170,435-88.6% | $69,631-72.1% |
| Participation rate | 46.1% | 63.9%-17.8pp | 83.6%-37.5pp | 70.7%-24.6pp |
| Annual return | 26.90% | 21.62%+5.3pp | 205.94%-179.0pp | 27571.02%-27544.1pp |
| Employer contribution / active EE | $700 | $1,610-56.5% | $5,432-87.1% | $2,032-65.6% |
| Participant deferral / active EE | $1,054 | $2,080-49.3% | $4,939-78.7% | $3,224-67.3% |
| Admin fee / account holder | $10 | $116-91.7% | $13,881-99.9% | $110-91.3% |