What Our Clients Are Saying
Quality investment offerings, a history of financial strength and outstanding personal service—find out from our clients what makes our Company great.
Hope MorganBenefits and Payroll Coordinator South Central Regional Medical Center Laurel, MississippiMy name is Hope Morgan. I work at South Central Regional Medical Center in Laurel, Mississippi, and I do human resources and payroll.
I talk to a lot of our younger individuals. I tell them about Mutual of America and the things that we offer, employer match, and things like that. I do encourage people to start young.
Everybody always told me, you get a job, you need to do retirement. You need to think about your future, even at a young age. So I feel good about starting young.
Like everybody, you just assume you’ve got plenty of time to put your money away and worry about retiring. And I was so excited to sign up so young, and to see that money grow as fast as it did. So, it was definitely a good decision.
I look at the online tools that Mutual of America has. It’s nice to do those online calculators to kind of see where you’re at, where you need to be. Then one day I logged in and looked at my quarterly report, and I was like “Wow, look at all that money that’s there, that I saved!” And it was just exciting to know that I can save that for many more years, and I don’t have to worry about what might happen if I do have to retire.
It’s a good start, and I wouldn’t have that money if I decided to start saving now. And I don’t even miss it out of my check, and that’s the good thing. It’s payroll deducted right out. You don’t miss it. You don’t see it.
It’s never too early to start saving for your retirement. I’m taking care of myself.
Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and the underlying investment funds. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses. Please read the contract prospectus or brochure and underlying fund prospectuses and summary prospectuses carefully before investing. The contract prospectus or brochure and underlying fund prospectuses and summary prospectuses can be obtained by calling or visiting mutualofamerica.com.
Mutual of America’s group and individual retirement products are variable annuity contracts and are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment funds you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should carefully consider a variable annuity contract’s other features before making a decision.
There is a contract fee (unless you elect to receive documents electronically), and investments in the Separate Account investment funds are subject to Separate Account charges and underlying funds investment management fees and expenses. Generally, withdrawals are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty.
Statements made in this video by a client of Mutual of America is not a paid testimonial. This testimonial may not be representative of the experience of other clients and is not indicative of future performance or success.
Past performance is no guarantee of future results.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes only. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Kevin BrownChief Financial Officer San Antonio Food Bank San Antonio, Texas
The switch to Mutual of America really helped the San Antonio Food Bank because it really brought some competitiveness and relevance to our benefits plan. One of the challenges we faced was just educating our employees on how important it is to enroll in the 403(b) plan, to educate them on how important retirement is in general. All employees don't have the same comfort level. We wanted Mutual of America to be on-site. So they sent several of their staff out. They sat with our staff one- on-one and went with them to help them go over their elections and sign up, and again, make them aware of all of the tools that were available. We got a lot of positive feedback from our employees on some of the calculators out there that allowed them to kind of forecast what their retirement might look like. I don't think initially they understood the importance of getting in early and how compound interest would impact them. And once they were able to go in and look at some of those calculators, I think that made them feel a lot more comfortable with investing early.
Customer service has been outstanding. Anytime we call, they're there to answer any questions that we have. Chris Thompson, out of the Houston office, has been instrumental in just to making sure that we understand the plan. He suggested auto-enrollment, auto-escalation, and in a short period of time, our participation increased drastically. Since switching to Mutual of America, I've been pleased personally in where my retirement path is headed. One of the features I really enjoyed was being able to go online and make my own elections, but then being able to kind of see some of the past performance on those funds. I'm at a point in my career where I'm trying to build momentum towards retirement, so that when that time comes, I know that I'm able to do so, without much worry.
Stephen SutterChairman Sutter Roofing Sarasota, Florida
Sutter Roofing is 40 years old this year and I'm in the process of transitioning from being the CEO to Chairman, to eventual retirement. I'm looking forward to that. I've got some plans. My wife and I expect to do some traveling and do some sightseeing, and kind of finish off some of our bucket list. I have two sons who have been in the business with me for several years. They are doing an excellent job of taking care of the business. So, I feel very good about them taking my place and taking the business to even bigger heights. We have the utmost confidence in Mutual of America. The people we work with are wonderful. They really care about our plan and the well-being of our employees, which is one of our focuses as a company and as a family business. We like the fact that they're proactive and they come to us with anything. Any changes. Anything that's happening in investments, in administrative or regulatory.
They attend our safety meetings. They're accessible to all of our employees. The response time is wonderful. New hires are very easily taken care of with their portal on the website. We now have access to Mutual of America, one place, one call, and we get handled. Anything that we need to know. All in all, they’re heads above what we've had in the past. So, I'm going to stay involved. And when I don't have anything to do at home, I end up going to the office. And when I'm at the office, I sometimes look at my investments, my 401(k) investments. And I'm always pleased when I, I smile when I look at it. And I can use that money wisely in retirement.
Fred & Sandra OsbornRetired Livermore, California
SANDRA: It's been four years now that I've been retired and enjoying life.
FRED: I've been retired approximately eight years, and since then, I've dedicated myself to golfing.
SANDRA: My hobbies is I volunteer at Open Heart Kitchen, and I serve senior citizen lunch, three, maybe four days a week.
FRED: I had still a couple of years into retirement when I noticed the treatment that Sandy was getting from Mutual of America. And I was really impressed with that, so I moved my retirement plan. So now we've got all our retirement plans and funds, all in Mutual of America.
SANDRA: One of the things that, when we talk about, when we staggered our retirement, was so that Fred could get his swing in, so he can know what he's going to do and then I would come into play. But a lot of that also had to do with the timing of what we were trying to do in terms of retirement funds, knowing that we can live on how much we've saved. A lot of that, I have to say, has to do with Mutual of America. Because they were in my company consistently. I felt like they knew who I was. They took time to talk to me every single time.
FRED: We've had no formal training in finances or investment.
SANDRA: So our goal was always to save, save, save. And in fact, I just think it's in our DNA.
FRED: Every time we've had some curious question or anytime we've had some fears, they're willing to hold our hands through the process.
SANDRA: If I can't understand it, they'll state it again and again and again. And that's what's made it, I think, successful for us. So, that made this reality of my being able to retire at 53 which I think is pretty much, you know, it was a dream. There was a choice after retired. Do I leave my money with Mutual of America or do I move on? But I felt a connection. Mutual of America, as a bigger company, thrives on that one-on-one communication. So, I just thought we were special and it's great to know as a company that you have that one-on-one communication with all employees.
FRED: Sandy has always been with Mutual of America. I was with some other companies through my employment at the city. And so, I had the opportunity and the experience to be able to compare companies, and I just found Mutual of America would be much more friendly, much more personable, and just much more attentive, in the long run.
SANDRA: We hope now the next stage is traveling a little bit. Maybe we get an RV, maybe we don't. But it's fun to be able to think about these things, where before, we were very focused on making the plan work.
FRED: I think Mutual of America has helped us with that transition from being more aggressive, saving for retirement. And now, trying just to preserve our capital, preserve our nest egg. But they have been there for us, just as they were when we were still working.
SANDRA: I look forward to them being with me on this journey for quite some time.
Bob WestraWayne Tile Co-Owner Wayne, NJSpeaker 1 (Bob Westra Jr.):
Wayne Tile is a retailer of ceramic tile and marble. We serve northern New Jersey, and then we also sell as far up as Maine, and as far south as Virginia.
In the 1970s, we started a retirement plan. This was a family business. We had 20 employees. I knew the situation where every employee was in financially and where they were in their retirement plan, so I could make the decisions for everyone and feel comfortable that the plan was headed in the right direction.
Five years ago, I made a connection with Mark Brown, who’s a sales rep for Mutual of America, and he reviewed with me the current plan that we had, explained to me some of the drawbacks and every six months he would follow up with me and make a suggestion that maybe I want to meet with the regional manager of sales. Another time, he brought in the manager who would deal with us on a day-to-day basis on service points, the people who would be meeting with the employees to discuss their retirement plan. I met with everyone from a senior vice president, the actuarial staff, the administrative staff. So I made connections with all these different people across the range of Mutual of America. I had about 100 different investments and I needed to get them all consolidated and sold, and they lead me through the whole process.
Representatives from Mutual of America went to each of our locations in New Jersey, and they went up to Massachusetts and met with the 100 employees and the feedback I got is that they were very comfortable with moving forward.
I just can’t believe still how easy the whole transition was to Mutual of America. It’s like a huge burden is off my shoulders.Text:
Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and the underlying investment funds. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses. Please read the contract prospectus or brochure and underlying fund prospectuses and summary prospectuses carefully before investing. The contract prospectus or brochure and underlying fund prospectuses and summary prospectuses can be obtained by mail, by calling or on mutualofamerica.com.
Mutual of America’s group and individual retirement products are variable annuity contracts and are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment funds you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-differed treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should carefully consider a variable annuity contract’s other features before making a decision.
Statements made in this video by clients of Mutual of America are not paid testimonials. These testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.
Darcy OmanPresident & CEO
The Community Foundation for Richmond & Central Virginia
Mutual of America has been a great partner for The Community Foundation. We have worked with them for many years because we felt that our missions were aligned.
The Community Foundation is in the relationship business. The ability to attract and retain staff talent for our organization is a core business proposition. Helping our employees plan for their retirement is an important part of our benefits program.
Mutual of America has helped us evaluate our employer match, our long-term plans, and it’s helped individual employees with their own planning, making local representatives available to meet with our employees and their spouses on a one-to-one basis.
My husband and I were delighted to learn a couple of years ago that there were additional resources available through Mutual of America to help us with some of our financial planning, and this was just a real added plus to our relationship with Mutual of America.
We really see our retirement plan as part of a commitment to the individuals who make our organization successful and, by translation, support important work in our community.
River City Produce Company, San Antonio, TX
The service that I value the most is the availability that Mutual of America makes for their clients.
When I call their office they know who I am, they know my employees, and that has real value to me. If I have a question, I get a response immediately.
Our employees have the opportunity to meet with Mutual of America representatives every year. Many of the workers that we have in our industry are working just day-to-day jobs and living paycheck to paycheck, and having a retirement plan provides for them and their families in their old age. And family’s extremely important to all of us. We have a plan that we have confidence in, that people are available and stand behind. We’re not financial experts.
We rely on Mutual of America to provide us those services, and they do a great job doing it.
Karen SchrockExecutive Director
Adult Well-Being Services, Detroit, MI
Our finance committee and board of directors have been consistently pleased with the financial strength and stability of Mutual of America.
It’s a challenge to get our employees to address their future needs when they’re trying to address their current needs. We consulted with Mutual of America about how we might bring more of our employees into our plan. They suggested automatic enrollment. When we implemented that, our enrollment went from 50% to 90%.
Part of the reason for that is the service that we get from the Regional Office. They will come to our total staff meetings, and then follow up by going to each of our 10 locations to meet with staff individually, answer any questions they have and do the enrollment right there where they work.
We rely on Mutual of America’s great staff.
Russ WilliamsDirector, Planned & Major Giving
North Carolina Zoo Society, Asheboro, NC
We’re happy that we’re able to offer a retirement plan to our employees. It was something that I felt was necessary as I came from the one employer, the United Way, which had one, and came to the North Carolina Zoological Society, which did not, at the time I came.
Mutual of America was the retirement plan provider at my prior employment, and I was very pleased with that arrangement.
The board directors looked at having Mutual of America as the provider, and as they held it up against others, they found it was the way to go. They were certainly looking at price, and they were looking at what kind of coverage would they get for the investment, and they were very pleased to find that it compared very favorably.
I really liked the history of the organization, that it is an organization that has been very customer service oriented. They have been very good about being concerned about the individual. I think that Mutual of America has helped me personally build toward my own retirement, and I also have felt very secure, even in these difficult times, that I could count on that.
The return on my investments, using the good group of options that were available to me with Mutual of America, was greater than what I saw in some other investments I was involved in.
I found that the values of Mutual of America are quite close to the values of our organization, and I’m pleased with that. And customer service is one thing that I think we both have at the forefront.
I also feel that Mutual of America and the North Carolina Zoo Society value fiscal responsibility, and Mutual of America’s financial strength is quite important to us, especially in these times.
I am aware that Mutual of America has some good community values, that they’re good corporate citizens. It’s very important to me. I feel that there’s a mission here that goes deeper than just dollars and cents.
Lillian JohnsonExecutive Director
Community Legal Services, Phoenix, AZ
Community Legal Services, while it only has 75 employees, we cover a huge territory in Arizona. And Mutual of America representatives said, “No problem, we’ll go there.”
They don’t work on commission. So, it wasn’t a matter of a hard sale for our staff. Their constant availability and participation in providing information and training and being responsive to our employees’ calls has made it a very wise investment for us to have chosen Mutual of America.
Our employees are particularly pleased about the choices in terms of investment opportunities. The other thing that I think has been very helpful to us with regard to Mutual of America is that they are regularly providing us information about changes in the market and changes in the law, and we feel very comfortable that their financial stability is going to help us to actually have resources when we retire.
The high rating that Mutual of America continues to receive is something we’re gratified about.
Christine McMahonPresident & CEO
Fedcap, New York, NY
Fedcap has been an employer for over 75 years, and we really care about the future of our employees.
I think sometimes we think simply offering the benefit is enough, but in the case of long-term investment for our employees’ future, we really have to do more, and I think Mutual of America really showed us the way and made it possible for us to do much more for our employees.
Mutual of America was able to be present at 50 locations throughout a three-state footprint. As we explored a variety of different carriers of the 403 benefit, we were unable to find anyone who came close to what Mutual could deliver.
Really, we based our decision on three really key important points.
One, the long-term strength of Mutual’s finances. Had a great history of successful investing. Mutual really avoided that whole subprime issue that our economy’s been dealing with.
The choices available to our employees were tremendous, and Mutual was there to help us right at the beginning, design curriculum, design a teaching approach, help us design accommodation. It was really going to make the difference for some people over the long haul.
So, we’re very pleased at the amount of attention and energy that Mutual spends really working hard to engage employees, from line staff right up to senior executives.
Important Information Regarding Our Videos
Statements made in these videos by clients of Mutual of America are not paid testimonials. These testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.
Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable
annuity contract and the underlying investment funds. This and other information is contained in the
contract prospectus or brochure
and underlying funds prospectuses and summary prospectuses. Please read the contract prospectus or brochure and underlying fund
prospectuses and summary prospectuses carefully before investing. The contract prospectus or brochure and underlying fund prospectuses
and summary prospectuses can be obtained by mail or by calling
A variable annuity contract is suitable for long-term investing, particularly retirement. The value of a variable annuity will fluctuate depending on the value of its underlying Separate Account funds. At redemption, amounts placed in a variable annuity's Separate Account may be greater or less than the principal amount invested. Generally, an annuity contract provides no additional tax-deferred treatment beyond that provided by a tax-qualified pension or retirement plan. Therefore, the annuity contract should not be selected based solely on this criterion.
The guidance and information provided by Mutual of America's Financial Consultants are educational in nature and are not intended to serve as a primary basis for your investment decisions. Mutual of America's Financial Consultants provide information to assist individuals to create their own financial plan, but do not provide financial planning services. No separate fee is charged by Mutual of America Life Insurance Company for Financial Consulting Services. Mutual of America's Financial Consulting Services do not create an investment advisory or a fiduciary relationship (including under ERISA) between you and Mutual of America Life Insurance Company. Mutual of America Life Insurance Company and its Financial Consultants do not provide tax or legal advice. Consult your personal tax advisor or attorney for matters involving taxation and tax planning and your attorney for matters involving personal trusts and estate planning.