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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 | Participant loan processing; Account ... | $2,914 |
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.
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 | $16,867 | $47,977-64.8% | $154,108-89.1% | $56,289-70.0% |
| Participation rate | 21.6% | 66.2%-44.6pp | 83.0%-61.4pp | 69.9%-48.3pp |
| Annual return | 3.36% | 3.54%-0.2pp | 735.21%-731.8pp | -9.96%+13.3pp |
| Employer contribution / active EE | $97 | $2,169-95.5% | $5,298-98.2% | $2,111-95.4% |
| Participant deferral / active EE | $750 | $2,392-68.6% | $5,081-85.2% | $3,350-77.6% |
| Admin fee / account holder | $13 | $438-97.0% | $13,411-99.9% | $521-97.4% |