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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $10,612 |
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Participant loan processing; Claims p... | $2,179 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $24,117 | $55,453-56.5% | $170,435-85.8% | $62,293-61.3% |
| Participation rate | 60.0% | 66.4%-6.4pp | 83.6%-23.6pp | 69.5%-9.5pp |
| Annual return | 11.39% | 21.38%-10.0pp | 205.94%-194.5pp | 28.90%-17.5pp |
| Employer contribution / active EE | $0 | $2,164-100.0% | $5,432-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,144 | $2,303-6.9% | $4,939-56.6% | $3,169-32.4% |
| Admin fee / account holder | $58 | $455-87.4% | $13,881-99.6% | $479-88.0% |