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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... | $577 |
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 | $24,007 | $37,196-35.5% | $154,108-84.4% | $55,725-56.9% |
| Participation rate | 21.2% | 64.1%-42.9pp | 83.0%-61.9pp | 70.9%-49.7pp |
| Annual return | -2.21% | 1319.68%-1321.9pp | 735.21%-737.4pp | 244.93%-247.1pp |
| Employer contribution / active EE | $0 | $1,614-100.0% | $5,298-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $1,010 | $2,068-51.2% | $5,081-80.1% | $3,356-69.9% |
| Admin fee / account holder | $4 | $102-96.3% | $13,411-100.0% | $115-96.8% |