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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... | $897 |
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.
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 | $13,779 | $75,962-81.9% | $154,108-91.1% | $64,173-78.5% |
| Participation rate | 56.6% | 70.4%-13.8pp | 83.0%-26.5pp | 69.6%-13.0pp |
| Annual return | 8.98% | 30.32%-21.3pp | 735.21%-726.2pp | 7.63%+1.3pp |
| Employer contribution / active EE | $256 | $3,350-92.4% | $5,298-95.2% | $2,381-89.3% |
| Participant deferral / active EE | $897 | $3,175-71.8% | $5,081-82.4% | $3,470-74.2% |
| Admin fee / account holder | $11 | $5,589-99.8% | $13,411-99.9% | $4,887-99.8% |