Filed May 9, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Float revenue; Participant communicat... | $82,069 |
Service code 16 · EIN 27-0636826 | Consulting | $40,320 |
Filed as: MUTUAL OF AMERICA Service code 12 · EIN 95-1644018 | Claims processing; Recordkeeping and ... | $595 |
NATIONAL FINANCIAL SERVICES7 years Service code 33 · EIN 04-3523567 | Securities brokerage; Securities brok... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,311 | $44,626-34.3% | $86,235-66.0% | $80,169-63.4% |
| Participation rate | 38.3% | 63.5%-25.2pp | 69.0%-30.6pp | 72.9%-34.6pp |
| Annual return | 16.04% | 19.61%-3.6pp | 1170.03%-1154.0pp | 40.39%-24.4pp |
| Employer contribution / active EE | $414 | $1,099-62.4% | $2,381-82.6% | $2,978-86.1% |
| Participant deferral / active EE | $946 | $2,769-65.8% | $3,987-76.3% | $5,016-81.1% |
| Admin fee / account holder | $128 | $133-3.8% | $6,856-98.1% | $145-11.6% |