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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 | Account maintenance fees; Recordkeepi... | $332 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,250 | $84,236-47.5% | $170,435-74.0% | $70,126-36.9% |
| Participation rate | 55.0% | 70.8%-15.8pp | 83.6%-28.6pp | 69.5%-14.5pp |
| Annual return | 16.73% | 23.06%-6.3pp | 205.94%-189.2pp | 73.15%-56.4pp |
| Employer contribution / active EE | $701 | $3,387-79.3% | $5,432-87.1% | $2,343-70.1% |
| Participant deferral / active EE | $2,963 | $3,086-4.0% | $4,939-40.0% | $3,332-11.1% |
| Admin fee / account holder | $6,473 | $5,698+13.6% | $13,881-53.4% | $4,645+39.3% |