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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 ... | $1,142 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $19,712 | $55,453-64.5% | $170,435-88.4% | $62,293-68.4% |
| Participation rate | 32.4% | 66.4%-34.0pp | 83.6%-51.2pp | 69.5%-37.2pp |
| Annual return | 6.64% | 21.38%-14.7pp | 205.94%-199.3pp | 28.90%-22.3pp |
| Employer contribution / active EE | $387 | $2,164-82.1% | $5,432-92.9% | $2,042-81.0% |
| Participant deferral / active EE | $731 | $2,303-68.3% | $4,939-85.2% | $3,169-76.9% |
| Admin fee / account holder | $13 | $455-97.1% | $13,881-99.9% | $479-97.3% |