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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... | $1,175 |
Participant contribution per participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $12,928 | $73,102-82.3% | $123,549-89.5% | $56,287-77.0% |
| Participation rate | 88.8% | 74.3%+14.5pp | 82.3%+6.5pp | 69.9%+19.0pp |
| Annual return | -3.17% | 3.01%-6.2pp | 119.20%-122.4pp | -9.96%+6.8pp |
| Employer contribution / active EE | $2,075 | $2,977-30.3% | $4,628-55.2% | $2,111-1.7% |
| Participant deferral / active EE | $2,202 | $5,423-59.4% | $6,426-65.7% | $3,350-34.3% |
| Admin fee / account holder | $6 | $554-99.0% | $9,284-99.9% | $521-98.9% |