Filed August 6, 2024
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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 | Claims processing; Recordkeeping and ... | $0 |
Participant 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 | $20,779 | $46,173-55.0% | $170,435-87.8% | $69,631-70.2% |
| Participation rate | 84.3% | 63.9%+20.4pp | 83.6%+0.7pp | 70.7%+13.6pp |
| Annual return | 18.10% | 21.62%-3.5pp | 205.94%-187.8pp | 27571.02%-27552.9pp |
| Employer contribution / active EE | $1,519 | $1,610-5.6% | $5,432-72.0% | $2,032-25.3% |
| Participant deferral / active EE | $0 | $2,080-100.0% | $4,939-100.0% | $3,224-100.0% |
| Admin fee / account holder | $0 | $116-99.8% | $13,881-100.0% | $110-99.8% |