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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; Recordkeepi... | $1,237 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,429 | $75,832-84.9% | $147,617-92.3% | $59,633-80.8% |
| Participation rate | 84.4% | 71.6%+12.8pp | 84.6%-0.2pp | 68.7%+15.7pp |
| Annual return | 0.43% | 0.37%+0.1pp | 61.98%-61.5pp | 2041.45%-2041.0pp |
| Employer contribution / active EE | $188 | $3,485-94.6% | $5,564-96.6% | $2,203-91.4% |
| Participant deferral / active EE | $782 | $3,131-75.0% | $4,895-84.0% | $3,192-75.5% |
| Admin fee / account holder | $949 | $5,986-84.2% | $11,612-91.8% | $4,297-77.9% |