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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; Recordkeeping and ... | $350 |
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,999 | $46,360-72.0% | $147,617-91.2% | $52,331-75.2% |
| Participation rate | 28.7% | 64.9%-36.2pp | 84.6%-55.9pp | 68.1%-39.4pp |
| Annual return | -0.47% | 1.62%-2.1pp | 61.98%-62.5pp | 4.54%-5.0pp |
| Employer contribution / active EE | $0 | $2,126-100.0% | $5,564-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $852 | $2,258-62.3% | $4,895-82.6% | $3,022-71.8% |
| Admin fee / account holder | $419 | $766-45.2% | $11,612-96.4% | $592-29.1% |