Filed April 9, 2020 (most recent of 4 filings on file)
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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... | $2,256 |
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 | $7,205 | $37,117-80.6% | $147,617-95.1% | $55,191-86.9% |
| Participation rate | 100.0% | 63.6%+36.4pp | 84.6%+15.4pp | 69.2%+30.8pp |
| Annual return | 12.13% | 3.44%+8.7pp | 61.98%-49.9pp | 10.78%+1.4pp |
| Employer contribution / active EE | $348 | $1,620-78.6% | $5,564-93.8% | $1,899-81.7% |
| Participant deferral / active EE | $1,090 | $1,985-45.1% | $4,895-77.7% | $3,046-64.2% |
| Admin fee / account holder | $4 | $86-95.1% | $11,612-100.0% | $91-95.4% |