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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... | $602 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $20,005 | $36,916-45.8% | $156,551-87.2% | $57,658-65.3% |
| Participation rate | 20.8% | 63.4%-42.7pp | 84.0%-63.2pp | 70.2%-49.5pp |
| Annual return | 29.32% | 12.38%+16.9pp | 32.23%-2.9pp | 5.13%+24.2pp |
| Employer contribution / active EE | $0 | $1,571-100.0% | $5,501-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $691 | $1,926-64.1% | $4,871-85.8% | $3,061-77.4% |
| Admin fee / account holder | $4 | $82-94.9% | $13,028-100.0% | $95-95.5% |