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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; Claims proc... | $3,211 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $21,658 | $63,905-66.1% | $74,184-70.8% | $57,658-62.4% |
| Participation rate | 100.0% | 79.8%+20.2pp | 76.6%+23.4pp | 70.2%+29.8pp |
| Annual return | 7.48% | 60.60%-53.1pp | 17.74%-10.3pp | 5.13%+2.4pp |
| Employer contribution / active EE | $1,266 | $1,840-31.2% | $2,370-46.6% | $1,974-35.9% |
| Participant deferral / active EE | $2,153 | $3,448-37.5% | $3,550-39.3% | $3,061-29.6% |
| Admin fee / account holder | $10 | $91-89.3% | $5,586-99.8% | $95-89.7% |