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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... | $526 |
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,591 | $44,873-43.0% | $79,466-67.8% | $56,287-54.5% |
| Participation rate | 35.8% | 68.7%-33.0pp | 73.3%-37.6pp | 69.9%-34.1pp |
| Annual return | 8.17% | 0.81%+7.4pp | 718.28%-710.1pp | -9.96%+18.1pp |
| Employer contribution / active EE | $403 | $2,140-81.2% | $2,800-85.6% | $2,111-80.9% |
| Participant deferral / active EE | $1,584 | $2,746-42.3% | $3,704-57.2% | $3,350-52.7% |
| Admin fee / account holder | $712 | $418+70.1% | $5,104-86.1% | $521+36.6% |