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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... | $2,526 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $15,470 | $46,732-66.9% | $156,551-90.1% | $55,167-72.0% |
| Participation rate | 29.5% | 65.8%-36.3pp | 84.0%-54.5pp | 69.0%-39.5pp |
| Annual return | 18.29% | 17.72%+0.6pp | 32.23%-13.9pp | 169.23%-150.9pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,111 | $2,204-49.6% | $4,871-77.2% | $3,054-63.6% |
| Admin fee / account holder | $736 | $418+76.0% | $13,028-94.3% | $504+46.1% |