- 2016 Annual Report
- Selected Financial Highlights
- Letter From Thomas J. Moran
- Letter From John R. Greed
- Featured Stories
- Board of Directors
- PDF / Share
“ As a Mutual of America representative, I stay on top of what’s happening in our industry to be prepared for every conversation I have with an employer, board member and employee. ”
Rosa Weyman,Field Vice President,Los Angeles Regional Office,Mutual of America
Our Regional Office teams are proactive about service. We visit annually with plan sponsors and boards of directors for an in-depth plan review to help them meet their fiduciary responsibilities related to oversight of their plan, updating them on the services that we provide; talking to them about the performance of the investment funds available under their plan; disclosing our fees; and giving them various reports that benchmark investment performance, services and fees so that clients can see whether our funds and our fees are competitive. We’ll also review their employees’ contribution rates and discuss plan design changes to make their plan a more valuable benefit for their employees.
Employers can offer important benefits, but if their workers don’t understand them, they typically won’t participate. When meeting with employees, we help individuals of all levels of financial sophistication understand the retirement plan and the saving and investment options available to them. Many have never learned about financial wellness — the ability to balance competing short-term and long-term financial needs. This is where we start, for this broader competency allows them to begin thinking about setting aside even a small percentage of their salary towards retirement and can help lead them to long-term financial security.
All the Regional Office sales and service representatives complete annual training to learn about enhancements to our retirement products and investment services, new regulatory requirements and trends in the financial services industry. These training sessions develop our confidence, industry knowledge and professional skills; they also develop the teamwork that is the cornerstone of Mutual of America’s service model.
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.
Statements made in this interactive annual report 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.
There is no separate fee for Mutual of America’s Financial Consulting Services, although there are minimum account balance requirements. 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 investment decisions. Mutual of America’s Financial Consulting Services do not create an investment advisory or a fiduciary relationship (including under ERISA) between you or your employees and Mutual of America. Mutual of America and its Financial Consultants do not provide tax or legal advice. Consult your personal tax adviser or attorney for matters involving taxation and tax planning and your attorney for matters involving personal trusts and estate planning.