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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; Claims proc... | $1,403 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $22,871 | $46,732-51.1% | $156,551-85.4% | $55,167-58.5% |
| Participation rate | 69.4% | 65.8%+3.6pp | 84.0%-14.6pp | 69.0%+0.4pp |
| Annual return | 16.80% | 17.72%-0.9pp | 32.23%-15.4pp | 169.23%-152.4pp |
| Employer contribution / active EE | $1,610 | $2,105-23.5% | $5,501-70.7% | $1,963-18.0% |
| Participant deferral / active EE | $2,123 | $2,204-3.7% | $4,871-56.4% | $3,054-30.5% |
| Admin fee / account holder | $8 | $418-98.1% | $13,028-99.9% | $504-98.5% |