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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 ... | $1,429 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
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 | $13,973 | $84,236-83.4% | $170,439-91.8% | $70,124-80.1% |
| Participation rate | 30.6% | 70.8%-40.2pp | 83.6%-53.0pp | 69.5%-39.0pp |
| Annual return | 10.36% | 23.06%-12.7pp | 205.94%-195.6pp | 73.14%-62.8pp |
| Employer contribution / active EE | $534 | $3,387-84.2% | $5,433-90.2% | $2,342-77.2% |
| Participant deferral / active EE | $1,003 | $3,086-67.5% | $4,939-79.7% | $3,332-69.9% |
| Admin fee / account holder | $6 | $5,698-99.9% | $13,881-100.0% | $4,645-99.9% |