The new Comdex ratings are out and Mutual scored a 57, down from 73 a year earlier. The drop places the company towards the bottom of the ratings now. Companies ranked below include: Nassau Insurance Group, Security Benefit, and Genworth. Top ranked... — read more
New Mutual of America Lawsuit
Jeri Engen v. Mutual of America. Filed in Nebraska District Court. July 16. Employment Discrimination and s-x as--ult allegations on a golf course
Pension Frozen Status
I can't seem to get a straight answer from employee benefits. With the pension plan, the last annual statement had assets outpacing current liabilities but then it goes on to say the underfunded status is in the neighborhood of $50M-$100M. Does that... — read more
Think before you post it’s not that hard to be a good person
So many posters here are so naive, foolish, and ignorant. And no this is not an Executive or HR. This is someone who reads the ridiculous posts that are made. Personal attacks on people whether current or former employees. Say you did know them or... — read more
Scorecard Versus 5 Year Plan
Are the scorecard results manipulated ? Flashes all green but no real explanation of underlying logic. Heavy on asterisks. The Board should hire an auditor to audit the Scorecard. No umpire to call BS on management. Scorecard results manipulated and... — read more
The Calm Before The Next Storm
All is quiet now. In about 2 months, the next storm will start hitting. Restructuring. Layoff plans. Client terminations. Market retreat. Batten down the hatches. The Leaks have begun anew. Digital Transformation is in a life raft. Front line... — read more
2 Week Notice
We are asked to provide a two week notice when we quit the firm, but the firm doesn’t provide at least a two week notice and ruin our kids by firing us right before Christmas with no notice. Word to the C-Suite: Adhere to the WARN rules. Provide a... — read more
Upcoming Layoffs & Restructuring ?
Any word bout layoffs or further restructuring heading into the 2nd part of the year ? Which areas of the company are not hitting production metrics ? Appears Sales & IT are laggards. Would not hurt to trim a little more bloaty fat in these units.
CFO to Deliver Big Update this Week
CFO to make some big announcements this week. Boca property. DFS. Interest Rates. Reinsurance. Strategic plan. Word on the street is spending needs to be cut further and new ways to generate organic revenue over sleight of hand accounting tricks... — read more
Medical Premiums?
Is there any indication that the Medical Premiums will be going up in 2026 for the employee share? Does anyone know?
Conway Out
CRO Chris Conway is leaving the company for Brian’s new firm
2nd Quarter Results--NEW CFO's Take
2nd quarter 2025 officially in books. Liberation Day scared the living be-Jesus out of everyone. Tons of scardy cats sold high. What will the new CFO say about the company results YTD and any more restructuring and job losses to outside outsourcing... — read more
The exodus of clients continues- and it’s gonna get worse
Say bye bye to several BILLION in assets and recurring premium. Talk on the street is that several enormous plans from one particular segment are fed up with the high fees, mismanagement and ongoing scandals. Let’s just say they answer to a higher... — read more
Mutual of America
I was laid off and I absolutely hate this company. Gaslighters, bullies, cowards. For those who are left, watch your back as management doesn't have yours.
Mutual of America Senior Management Can Not Be Trusted
With 250 layoffs in the past 18 months, 40% of all employees remaining are looking for a new job. As the year accelerates, more top talent will leave and client defections will continue at a slow burn pace but down from the last two years. The... — read more
New CFO Update
Any updates about the new CFO and what kind of changes she is planning ? Seems like she may have been hamstrung with the 5 yr strategic plan already in place and not giving her enough latitude and room to maneuver and make bold decisions.
Board Meeting Minutes
Could someone provide the meeting minutes of the most recent board meeting or provide a copy of the agenda and recap of the meeting.
Community Partnership Award
Have the winners been announced yet and if so, what is the top prize now like $250000 ? Is Tom Gilliam still at the helm ?
Mutual of America - 2ND Quarter Financial Results
Retired in 2022. Lost all my healthcare. I now pay $14K per year. What is the projected revenue and profit margins for the quarter look like ? Market gains should help but even with the gains the last few yrs the firm finds new ways to lose money... — read more
Mutual of America
Any news about impending restructuring or layoffs in the very near future ?
Mutual of America Glassdoor Ratings Down to 2.7
My uncle was an alcoholic. He denied it for several years. The recent downvotes on this board remind me of my uncle. The louder they complain that there is nothing wrong. There is something. One of the first steps in AA is to admit there is a... — read more
Big Changes Coming
More big changes coming. Farming out more customer service support to Mexico and potentially India. Most likely will result in more downsizing by end of year. Could be dozens impacted. Sales are behind goal for year. Outflows continue to pace inflows... — read more
NLRB Reminder
This is a reminder that the National Labor Relations Board (NLRB) has broad legal protections for employees and retirees to assemble in a concerted way and in mutual aid with one another. The protections extend to not only union organizing, but to... — read more
Defections, Demotions, Discrimination ?
Many high profile people the firm right now. A lot from the field offices. Many sales leaders are jumping ship on West coast. Word is that the individual who overseas the west has many personality conflicts and people want out from under him... — read more
Cutting off one's nose to spite one's face.
The shortsightedness of trying to anonymously damage your former or current employer's reputation (thereby damaging your own reputation) never ceases to amaze. It's akin to graduating with a degree from university and then anonymously trashing that... — read more
Layoff news?
Any news on the layoffs that have been mentioned? Were they discussed at the board meetings last week?
Big Week for the New CFO
Time for the new CFO to dazzle the old geezers on the board. She'll need to bring Depends for everyone as they will all probably schit their pants after hearing more bad news. Note: Severin is on the prowl. Rumor has it that he might pick off a few... — read more
Board Meeting Next Week
Looks like the same old cronies still on the Board. Meeting in NYC next week. Could Someone post an update for us with a read out after the Board meets. Company desperately needs new leadership in a number of areas like field offices and claims, call... — read more
Mutual of America On Comparably
There is a website like Glassdoor and Indeed called Comparably. Go to Comparably.com and look up Mutual of America, Empower, Voya and others. Currently, Mutual has a net promoter score of -77 NPS. Check it out for yourself. Mutual needs to hire an... — read more
Lawsuit--Mutual of America
Does anyone have the most recent details of the lawsuit former employee Mather filed against Mutual of America and Abass Moloo ? Looks like a wrongful termination suit so if someone can provide an update.
Audited Financial Statements
Does anyone on this board know where I can find the company's audited financial statements for the past couple of years ? I am a former employee and in years past that info was in the Annual Report. For some reason, it is missing from the reports... — read more
5 Year Strategic Plan & 2024 Full Financials
As a retiree with a lot of my money still being managed by Mutual of America, can someone provide where I can get a copy of the 5 year strategic plan along with the 2024 full year financial statements (P&L, Balance Sheet, KPMG audit report). Thank... — read more
The New CFOs first impressions
By now the new CFO has examined The Firm's financials and has developed an opinion about what needs to be done. We've heard some some whispers and the impression is: MoA can't figure out ways to generate more revenue and executive management has... — read more
Mutual of America Pension Funding Status
Retired in 2021. Did not take the lump sum. Just received annual funding notice. WTF is going on ? On first page, it says the plan is actuarially underfunded to the tune of between $50M-$100M. A true funding status of somewhere between 69%~80%... — read more
Cosecha lo que siembra
Not long ago under Tom Moran's leadership, mofa sponsored PBS programs and ran full-page advertisements in major newspapers, cultivating an image of prestige and integrity. Today, the company’s reputation has shifted dramatically. A senior... — read more
New CFO Doing Great
Very impressed with Christine Janofsky so far.
2024 Annual Report
The 2024 annual report did not include a financial summary, which is the same as that of 2023. Also, the links to the previous annual reports were removed. https://www.mutualofamerica.com/about-us/annual-report