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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 |
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 | $22,577 | $46,732-51.7% | $156,551-85.6% | $55,167-59.1% |
| Participation rate | 29.8% | 65.8%-36.0pp | 84.0%-54.2pp | 69.0%-39.1pp |
| Annual return | 7.04% | 17.72%-10.7pp | 32.23%-25.2pp | 169.23%-162.2pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $746 | $2,204-66.2% | $4,871-84.7% | $3,054-75.6% |
| Admin fee / account holder | $6 | $418-98.7% | $13,028-100.0% | $504-98.9% |