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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; Participant loan p... | $1,977 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,667 | $75,962-86.0% | $154,108-93.1% | $64,173-83.4% |
| Participation rate | 89.7% | 70.4%+19.3pp | 83.0%+6.7pp | 69.6%+20.1pp |
| Annual return | -20.98% | 30.32%-51.3pp | 735.21%-756.2pp | 7.63%-28.6pp |
| Employer contribution / active EE | $893 | $3,350-73.3% | $5,298-83.1% | $2,381-62.5% |
| Participant deferral / active EE | $1,356 | $3,175-57.3% | $5,081-73.3% | $3,470-60.9% |
| Admin fee / account holder | $5,535 | $5,589-1.0% | $13,411-58.7% | $4,887+13.3% |