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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... | $698 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,392 | $75,832-90.3% | $147,617-95.0% | $59,633-87.6% |
| Participation rate | 98.4% | 71.6%+26.9pp | 84.6%+13.8pp | 68.7%+29.8pp |
| Annual return | -1.03% | 0.37%-1.4pp | 61.98%-63.0pp | 2041.45%-2042.5pp |
| Employer contribution / active EE | $901 | $3,485-74.1% | $5,564-83.8% | $2,203-59.1% |
| Participant deferral / active EE | $940 | $3,131-70.0% | $4,895-80.8% | $3,192-70.5% |
| Admin fee / account holder | $969 | $5,986-83.8% | $11,612-91.7% | $4,297-77.4% |