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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; Participant loan p... | $802 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $20,225 | $63,156-68.0% | $122,354-83.5% | $62,293-67.5% |
| Participation rate | 58.0% | 60.0%-2.0pp | 71.6%-13.6pp | 69.5%-11.5pp |
| Annual return | 9.38% | 20.61%-11.2pp | 30.28%-20.9pp | 28.90%-19.5pp |
| Employer contribution / active EE | $369 | $1,385-73.4% | $4,051-90.9% | $2,042-82.0% |
| Participant deferral / active EE | $1,025 | $2,321-55.8% | $3,287-68.8% | $3,169-67.6% |
| Admin fee / account holder | $7 | $440-98.5% | $5,479-99.9% | $479-98.6% |