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 | Claims processing; Account maintenanc... | $2,374 |
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 | $8,530 | $46,173-81.5% | $170,435-95.0% | $69,631-87.7% |
| Participation rate | 91.9% | 63.9%+28.0pp | 83.6%+8.3pp | 70.7%+21.2pp |
| Annual return | 14.84% | 21.62%-6.8pp | 205.94%-191.1pp | 27571.02%-27556.2pp |
| Employer contribution / active EE | $356 | $1,610-77.9% | $5,432-93.5% | $2,032-82.5% |
| Participant deferral / active EE | $804 | $2,080-61.4% | $4,939-83.7% | $3,224-75.1% |
| Admin fee / account holder | $4 | $116-96.6% | $13,881-100.0% | $110-96.5% |