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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... | $556 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $3,054 | $62,928-95.1% | $172,753-98.2% | $67,582-95.5% |
| Participation rate | 91.5% | 64.5%+27.1pp | 82.6%+8.9pp | 71.3%+20.3pp |
| Annual return | 7.04% | 30.36%-23.3pp | 803.00%-796.0pp | 378.57%-371.5pp |
| Employer contribution / active EE | $0 | $1,636-100.0% | $5,144-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $677 | $2,145-68.4% | $5,198-87.0% | $3,539-80.9% |
| Admin fee / account holder | $1 | $167-99.2% | $13,956-100.0% | $142-99.1% |