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... | $1,991 |
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 | $8,679 | $36,916-76.5% | $156,551-94.5% | $57,658-84.9% |
| Participation rate | 79.1% | 63.4%+15.7pp | 84.0%-4.9pp | 70.2%+8.9pp |
| Annual return | 11.32% | 12.38%-1.1pp | 32.23%-20.9pp | 5.13%+6.2pp |
| Employer contribution / active EE | $379 | $1,571-75.8% | $5,501-93.1% | $1,974-80.8% |
| Participant deferral / active EE | $1,005 | $1,926-47.8% | $4,871-79.4% | $3,061-67.2% |
| Admin fee / account holder | $4 | $82-95.3% | $13,028-100.0% | $95-95.9% |