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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 ... | $4,045 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $14,114 | $50,637-72.1% | $86,582-83.7% | $62,293-77.3% |
| Participation rate | 31.9% | 67.9%-36.0pp | 73.5%-41.7pp | 69.5%-37.6pp |
| Annual return | 15.44% | 20.80%-5.4pp | 965.08%-949.6pp | 28.90%-13.5pp |
| Employer contribution / active EE | $0 | $2,075-100.0% | $2,839-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $856 | $2,611-67.2% | $3,609-76.3% | $3,169-73.0% |
| Admin fee / account holder | $6 | $413-98.6% | $4,904-99.9% | $479-98.8% |