Mutual of America Life Insurance retirement plan: assets, participants and fees
What Mutual of America Life Insurance's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Mutual of America Sec. Corp LLC | Schedule C ↗ |
| Independent auditor | KPMG (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Mutual of America Life Insurance: employer contribution per participant | $3,970 | |
| Peer median | $2,966 |
| Mutual of America Life Insurance: average balance | $242,375 | |
| Peer median | $104,792 |
| Mutual of America Life Insurance: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $471M at the end of plan year 2021 to $435M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,839 | $435M | $7.1M | $3,970 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 1,970 | $411M | $6.9M | $3,543 | 0.07% | Not published | Form 5500 ↗ |
| 2022 | 1,901 | $386M | $3.4M | $1,788 | 0.00% | Not published | Form 5500 ↗ |
| 2021 | 1,849 | $471M | $3.2M | $1,735 | 0.00% | Not published | Form 5500 ↗ |
Other Mutual of America Life Insurance plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Retirement Plan for Employees of Mutual of America Life Insurance Co
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | KPMG LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Mutual of America Life Insurance match 401(k) contributions?
The match terms for the Mutual of America Life Insurance Company Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $7.1M in employer contributions, about $3,970 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Mutual of America Life Insurance 401(k) match vested?
The vesting schedule for the Mutual of America Life Insurance Company Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Mutual of America Life Insurance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Mutual of America Sec. Corp LLC. The plan administrator is Mutual of America Life Insurance Company Savings.
I left Mutual of America Life Insurance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mutual of America Life Insurance Company Savings, (800) 468-3785) or the recordkeeper, Mutual of America Sec. Corp LLC. The Mutual of America Life Insurance old 401(k) page lists the contacts from every plan filing. Find an old Mutual of America Life Insurance 401(k)
Data from the public Form 5500 annual reports Mutual of America Life Insurance filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Mutual of America Life Insurance. Not financial advice. Report a correction · Methodology