Plan sponsors and fiduciaries are indemnified against claims brought against them with respect to the ERISA qualified plan investment funds offered under our contract, subject to certain terms and conditions.
Protection for plan fiduciaries
If your organization or any of your members have existing retirement plans, we can see if it makes sense to merge them with your new multiple employer plan, subject to Mutual of America’s underwriting guidelines and requirements.
Support for existing plans
No matter how many plans are merged into your multiple employer plan, you’ll only have one plan audit and be required to purchase one fidelity bond, and your members will no longer need to file their own Forms 5500. Your Mutual of America service team will help with the Form 5500 filing for the new plan as well as provide any needed information to your audit firm.
Streamlined administration
You can allow any number of eligible employers to participate in the plan.
Unlimited employers
Your plan is built for scale, service and efficiency
Most of your members probably know that a solid, well-managed retirement plan can help attract and retain top talent as well as emphasize to their employees the importance of saving for the future. But many businesses, especially smaller ones, find plan administration costly and time-consuming.
Now, through Mutual of America, you can give your members a retirement plan that’s a compelling addition to your existing membership services.
All participating members enjoy the same benefits and services, with no minimums on the number of participants or amount of assets. You’ll also be able to generate up-to-date reports at the plan level and by participating organization.
Plan sponsors and fiduciaries are indemnified against claims brought against them with respect to the ERISA qualified plan investment funds offered under our contract, subject to certain terms and conditions.
Protection for plan fiduciaries
If your organization or any of your members have existing retirement plans, we can see if it makes sense to merge them with your new multiple employer plan, subject to Mutual of America’s underwriting guidelines and requirements.
Support for existing plans
No matter how many plans are merged into your multiple employer plan, you’ll only have one plan audit and be required to purchase one fidelity bond, and your members will no longer need to file their own Forms 5500. Your Mutual of America service team will help with the Form 5500 filing for the new plan as well as provide any needed information to your audit firm.
Streamlined administration
You can allow any number of eligible employers to participate in the plan.
Unlimited employers
Your plan is built for scale, service and efficiency
Most of your members probably know that a solid, well-managed retirement plan can help attract and retain top talent as well as emphasize to their employees the importance of saving for the future. But many businesses, especially smaller ones, find plan administration costly and time-consuming.
Now, through Mutual of America, you can give your members a retirement plan that’s a compelling addition to your existing membership services.
All participating members enjoy the same benefits and services, with no minimums on the number of participants or amount of assets. You’ll also be able to generate up-to-date reports at the plan level and by participating organization.