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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 | Recordkeeping and information managem... | $1,562 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $59,627 | $75,183-20.7% | $123,894-51.9% | $55,167+8.1% |
| Participation rate | 55.6% | 72.8%-17.2pp | 81.4%-25.8pp | 69.0%-13.4pp |
| Annual return | 10.97% | 19.01%-8.0pp | 47.52%-36.6pp | 169.23%-158.3pp |
| Employer contribution / active EE | $1,591 | $2,823-43.6% | $4,617-65.5% | $1,963-18.9% |
| Participant deferral / active EE | $3,338 | $5,084-34.4% | $5,984-44.2% | $3,054+9.3% |
| Admin fee / account holder | $117 | $663-82.4% | $8,357-98.6% | $504-76.9% |