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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 ... | $1,895 |
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 | $23,387 | $43,338-46.0% | $59,887-60.9% | $64,173-63.6% |
| Participation rate | 100.0% | 69.2%+30.8pp | 74.7%+25.3pp | 69.6%+30.4pp |
| Annual return | -0.68% | -1.55%+0.9pp | 3.46%-4.1pp | 7.63%-8.3pp |
| Employer contribution / active EE | $1,616 | $2,030-20.4% | $2,722-40.7% | $2,381-32.1% |
| Participant deferral / active EE | $929 | $2,547-63.5% | $3,402-72.7% | $3,470-73.2% |
| Admin fee / account holder | $2,016 | $3,007-33.0% | $3,591-43.9% | $4,887-58.7% |