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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 | Participant loan processing; Recordke... | $2,448 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,277 | $49,177-32.3% | $79,467-58.1% | $64,173-48.1% |
| Participation rate | 81.2% | 65.0%+16.1pp | 73.3%+7.8pp | 69.6%+11.6pp |
| Annual return | 1.31% | -1.16%+2.5pp | 718.30%-717.0pp | 7.63%-6.3pp |
| Employer contribution / active EE | $3,364 | $2,076+62.0% | $2,800+20.1% | $2,381+41.3% |
| Participant deferral / active EE | $3,751 | $2,821+33.0% | $3,704+1.3% | $3,470+8.1% |
| Admin fee / account holder | $3,140 | $3,839-18.2% | $5,104-38.5% | $4,887-35.7% |