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 | Recordkeeping and information managem... | $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 | $18,456 | $37,196-50.4% | $154,114-88.0% | $55,725-66.9% |
| Participation rate | 99.1% | 64.1%+35.0pp | 83.0%+16.0pp | 70.9%+28.2pp |
| Annual return | 10.43% | 1319.68%-1309.2pp | 735.16%-724.7pp | 244.93%-234.5pp |
| Employer contribution / active EE | $1,462 | $1,614-9.4% | $5,298-72.4% | $2,078-29.6% |
| Participant deferral / active EE | $0 | $2,068-100.0% | $5,081-100.0% | $3,356-100.0% |
| Admin fee / account holder | $0 | $102-100.0% | $13,411-100.0% | $115-100.0% |