Office Rent field staff work from home save $10m per annum Close 30 region office spaces Investment Advice 401k/403b accounts. charge 50 bps. Raise $15m per annum Surrender\mva Implement raise $10m per yr CIT switch to CIT in K plans... — read more
IT Outsourcing
75% of IT needs to be outsourced to Romania, the Phillipines or India. Will save $20M per year. Farm out RDI WD40 call center to Manila, and another $10M is saved.
Quarterly news update
at our next quarterly update from senior Leadership, many of us are very concerned and we would like updates for these areeas: ~$50-$100M underfunding of our db plan. What is the strategy for paying this off ~how much is the health care premiums... — read more
Employee Culture Survey
We had the annual employee culture survey last week on working conditions. I looked through it but did not hit send. I have to say there were very few questions if any about how employees felt HR, the HR officer, recruiting, compensation, or leaders... — read more
Elie Wiesel
"NEW YORK — Today, the U.S. Postal Service honored humanitarian and Holocaust survivor Elie Wiesel with a stamp. Wiesel dedicated his life to preserving the memory of the Holocaust, championing Jewish causes, and defending human rights. He is the... — read more
Medica 2026
Looks like the cost for medical insurance is going up for 2026.
1150 NW Broken Sound
Has the sale of the boca location closed yet and for how much ? The tax bill on the sale is gonna be a big one just like the sale of NY office.
9/11
Will never forget where we were 24 yrs ago at 320 Park. We will always remember and never forget. Give to Tunnels to Tower 501(c)(3). Tunnels to Tower should be awarded the Community Partnership Award by Stephen Rich.
Dixon, Wratchford, Ruiz
All joined BQS ?
Age Limit & Term Limits
You’ve got Bd Members age 89, 86, 79,79, 72, 68 and so on. In the past, there were board members over 90 and 100 yrs old. Plus, no term limits. When is the next bd meeting ? Any word on Boca people and property sale ? Outsourcing to India or other... — read more
FRPT
Someone is a doggie lover. It's not dog food, it's food food. Capital Management increased stake in Freshpet by 13% recently. Since the move, FRPT is down 12%. Checkout Marketbeat.com. Revenues are down. Why buy individual stocks anyway. Risks too... — read more
Remembering Tom Moran
It's been over 8 years since we lost our beloved Tom Moran. It was such a huge loss for our community. Below is from an article in Irish America about Mutual of America. How do we get back to being this kind of organization ? Instead of handing out... — read more
Former CEO
Looks like he is no longer on the Police Athletic League Board with BQS and Mcguire still sitting on it. Does BQS sit next to McGuire on the PAL Board ? Gotta be awkward right now. Will JRG be spotted at the Lincoln Financial Stadium suite tonight at... — read more
quick update
Mutual of America Financial Group Data Breach – Investigated by Federman & Sherwood Oklahoma City, Oklahoma (August 22, 2025) – The law firm of Federman & Sherwood announces that it is investigating a data breach involving Mutual of America Financial... — read more
Mutual of America continues to miss the mark on everything!
How much longer is the board going to allow management to destroy the company? MOA was known for exemplary customer service, now, the amazing customer service leaders are gone, and the new horrible ones remain - and of course - Moriarty who has... — read more
Health Care Premiums
Retiree here who lost all subsidies. Premiums on individual marketplace plans set to spike. Mercer says employer based premiums set to rise 10% for 2026. Will this huge spike lead to more job losses at the company or will benefits be reduced even... — read more
Would you rather
merge with The Human Interest or Vestwell
Labor Day
For us that were laid off and still haven’t found a job, happy Labor Day and enjoy the US Open tennis at Flushing Meadows. Come by the stadium suite in Arthur Ashe stadium this weekend.
Dancing in the Streets -- Layoffs ?!?
5 year note is down to 3.7%. YTD Aggregate Bond Index up 4.97%. 3 YR Return up to 3.15%. Life is Good. Dancing in the streets. Back in the Black. 90% chance Fed will cut in Sept. No Lisa Cook ?!?!?!? Layoffs ?
Promises To Keep II
Will the 2nd edition be released soon to commemmorate the last 80 years ?
Who will be the next one fired ?
Giants head coach Jets Head Coach Yankees Manager Mets Manager St. John’s Redstorm AthleticDirector RDI call center
Any word on Boca property closing ?
How much did it close for and did the property pass the termite and cockroach independent property inspection ?
Age Limit ?
How many people sitting on the firm's Board of Directors are over age 75 ? Is there an age limit ? Term limit ? Many firms hire third parties to evaluate board members for fit and performance. Has this been done ? When ? Is the board high functioning... — read more
Q2 13F
The latest 13F filing was done. Cap Management has $9.3B in Q2 in 2025 compared with over $10B in Q1 of 2024. Market has been up about 13.5% per annum since then. Is there a stated strategy to actually grow the AUM or is it mainly loss avoidance ?
Calm Before The Storm
This Board has gone de-ad quick. Is it vacations or are u afraid to discuss layoffs all of a sudden ? Jerome Powell spooked us all at Jackson Hole today with Fedspeake and Cap Management made some darn good cashola today with those coinbase and Intel... — read more
Pension COLA?
Any word on what the COLA will be for the pension for 2026 ? Inflation is high and I took the monthly annuitie.
Hiring Trends
How have the hiring trends been at the firm lately or is there still lots of retirements and attrition ? So glad I took the lump sum at the end of 2021. Hope the pension gets funded and restricted lump sum is not on the horizon.
Hurricane Season
For those of us still in South Florida, hurricane season is here ! The Forecasters are predicting some big storms this fall with a couple of potential direct monster hits to Florida east coast. How many days will Boca be closed with the storms and it... — read more
Boca Employees
Long time Boca retiree here. What is the status of the building sale and where will employees go ? Really miss that great Boca cafeteria food. There are rumors some jobs will be phased out or off shored to India or the Phillipines. That would be sad... — read more
Will Poaching Lead To More Layoffs?
"Client poaching, the act of enticing clients away from a competitor or former employer, raises legal and ethical questions. While competition is a natural part of business, certain actions can cross legal boundaries, leading to disputes and... — read more
When will the next layoffs occur ?
It's been a slow news week. Any guess when the next layoffs and restructuring will occur ? Trying to plan to get our family's Christmas shopping done early this year just in case. One thing is clear. The legal budget ain't getting slashed anytime... — read more
Layoff Update
For many of us who were unexpectedly terminated in the last year, how has everyone been coping and have you found meaningful work ?
Arizona Facility
With the focus still on cost cutting, doesn't it make sense to eliminate the AZ location ? Before I retired and the company was expanding, it probably made sense although it was a stretch even back then. Now, in contraction mode, eliminating another... — read more
Comdex Ratings--since last year's layoffs
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