Filed November 27, 2024 (most recent of 3 filings on file)
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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 | Account maintenance fees; Claims proc... | $3,033 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $14,090 | $46,173-69.5% | $170,435-91.7% | $69,631-79.8% |
| Participation rate | 94.7% | 63.9%+30.8pp | 83.6%+11.1pp | 70.7%+24.0pp |
| Annual return | 29.04% | 21.62%+7.4pp | 205.94%-176.9pp | 27571.02%-27542.0pp |
| Employer contribution / active EE | $1,197 | $1,610-25.6% | $5,432-78.0% | $2,032-41.1% |
| Participant deferral / active EE | $776 | $2,080-62.7% | $4,939-84.3% | $3,224-75.9% |
| Admin fee / account holder | $7 | $116-94.1% | $13,881-100.0% | $110-93.9% |