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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... | $1,282 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,088 | $62,589-47.1% | $76,768-56.9% | $64,173-48.4% |
| Participation rate | 97.4% | 72.8%+24.6pp | 77.0%+20.5pp | 69.6%+27.9pp |
| Annual return | -6.48% | -1.95%-4.5pp | 2.43%-8.9pp | 7.63%-14.1pp |
| Employer contribution / active EE | $1,586 | $1,832-13.4% | $2,485-36.2% | $2,381-33.4% |
| Participant deferral / active EE | $1,633 | $3,145-48.1% | $3,852-57.6% | $3,470-52.9% |
| Admin fee / account holder | $722 | $4,667-84.5% | $6,675-89.2% | $4,887-85.2% |