Filed August 19, 2021
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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... | $3,169 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,466 | $37,117-71.8% | $147,617-92.9% | $55,191-81.0% |
| Participation rate | 100.0% | 63.6%+36.4pp | 84.6%+15.4pp | 69.2%+30.8pp |
| Annual return | -0.27% | 3.44%-3.7pp | 61.98%-62.3pp | 10.78%-11.0pp |
| Employer contribution / active EE | $840 | $1,620-48.1% | $5,564-84.9% | $1,899-55.7% |
| Participant deferral / active EE | $869 | $1,985-56.3% | $4,895-82.3% | $3,046-71.5% |
| Admin fee / account holder | $9 | $86-89.9% | $11,612-99.9% | $91-90.4% |