I am in the process of writing a complaint letter and noticed on the Better Business Bureau (BBB) website of NY, that Tom Moran is still listed as a contact. When I looked up Mr. Moran, it says he died several years ago. Then I looked up William... — read more
CFO News ?
Any update if there is a new CFO ? Will they hire someone with an actual accounting degree and a CPA ?
TownHall Meeting This Week
How much were the first quarter losses and is the company going public later this fall ? How about this new 5 year plan. How many layoffs does it include ? The company has to find a way to raise revenue and fast. Can't just keep cutting jobs and... — read more
John Greed
What happened to John Greed? Did he sail into the sunset without repercussions for destroying the company?
Former Chief Sales Officer News
Is everyone aware he started his own company. Looks like they are selling group retirement plans focusing on the same market as Mutual. Is this a cause for concern for the company ? Thought someone would like to know and care with what's going on... — read more
Glassdoor Ratings Down to 2.7
Glassdoor is now down to a 2.7. They now have new CEO on there with a 63% approval rating. Much better than Trump or Greed. There have been some brutal reviews lately. What is MoA corporate doing to generate positive reviews on there or they don't... — read more
Quarterly Update
Been retired for a couple of years now. Any updates from the CEO through Q1 ? Any big names quit or retire ?
Stock Market Losses
Dow is down over 4,000 since Trump took office. Got to imagine at least a couple of billion has vanished from the Mutual asset base costing millions in lost revenue. Literally no one saw this coming. Other companies are starting to furlough or layoff... — read more
BLACK MONDAY-TITANIC
RDI call center will be overwhelmed. Can't keep up with unlicensed reps. People will panic as they can't figure out how to login to their account. It's gonna get very ugly. Time to prepare for more layoffs.
The New York State WARN Act
Next time the company layoff employees, will it follow the NY State WARN Act or will it look for a loophole to not abide by the law ? When they laid people off in 2024, how is it that the WARN law wasn't violated ? A-N-D-Y-C-U-M-M-O The New York... — read more
Mutual of America Residential--Boca News
New 287-unit residential project to be built off Broken Sound Parkway in Boca Raton Jasmine Fernández, Palm Beach Post Tue, March 11, 2025 at 8:51 AM CDT 1 min read BOCA RATON — A new residential project approved by council members will bring 287... — read more
AM Best Downgrades MOA, Truspire Falls to B++
FOR IMMEDIATE RELEASE OLDWICK - APRIL 03, 2025 11:17 AM (EDT) AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a”... — read more
How Will The Stock Market Collapse on 4/3 Impact MOA ?
Buckle Up Lads. How is that vote cast for Trump looking now ? All good things must come to and end. Weez in for a wild ride. How much revenue will be lost, and money moved into cash ? Cash used to be king, but when purchase 2% bonds and have to... — read more
Is it Possible that the Firm Will Be Sold After Labor Day ?
For those of you on Fan Duel, Draft Kings, or in a betting mood this week, what are the odds The Firm is sold or goes into receivership after Labor Day ? How many jobs would be lost ? What's the over under on this one ?
Mutual of Omaha--Marlin Perkins Would be Proud
To the clown who is in love with Marlin Perkins, take a look at this. Mutual of Omaha is absolutely "k-i-l-l-i-n-g" it and sla-ghtering its prey and competition according to AM Best. They only have the City ! Way to go Marlin ! " OLDWICK... — read more
Updating the board
A few active and former employees have formed an unofficial group to contact the board and provide them with an update of what they are missing. If you would like to share your story or if you have a message for the board please email us at... — read more
Something big coming
I heard there’s very very grim news coming for us in the coming months. These aren’t just rumors, but actual planning inside the executive committee. Everyone’s best move would be to start preparing- don’t get caught off guard like the unfortunate... — read more
We Need a Better 401(k) Plan
They took away our pension. Slashed the 401k contribution. Took away a lot of the life insurance. Gutted retiree healthcare. Benefits have been cut. They added Pet Insurance with our competitor - Nationwide. But, many of us are really P-i-s-sed that... — read more
Layoffs in April
I've been hearing some rumors about more layoff in April. Does anybody know more about this?
House of Cards
1st quarter is coming to a close, any predictions on 1st quarter loss ? I say $21M much due to market decline in NASDAQ and the magnificent 7. Anyone else ?
Goal Planning for What?
What is the true true true purpose of goal planning in the great land of Mutual of America? Do employees have super constructive and honest conversations with their direct managers about role responsibilities? My manager doesn't even bother to talk... — read more
Administrative Operations Needs A New Leader
My sources inside the company indicated that morale is low and over 50% of all employees in Operations have lost confidence in the EVP. He was brought in by Severin and was underqualified. Disasterous results. The division needs a positive outgoing... — read more
Matthew Newcomb
Mutual's next CFO should be Matt Newcomb.
What goes around comes around
Someone called us cowards. Projection describes the act of ascribing one's own shortcomings to others. There are countless reports of people enduring mistreatment. If you come across claims about E(mpty)VP fabricating stories about employees to evade... — read more
Client Relationship Managers Are Not Respected
The Field Executives and Senior Management don't truly value the yeoman's and back breaking work talented Client Relationship Managers do and how much REVENUE they generate for the company and how much REVENUE they save the company. The workloads... — read more
Website Redesign
I am a retiree and can't believe no one has redesigned the website ! There are those two goofy looking guys on the front of the site. It hasn't changed in years ! When you login, there are no tools or new information. No articles or news feed. Throw... — read more
Great News !
This is right from the horse's mouth at Morningstar: "Morningstar Manager Research Feb 24, 2025 Mutual of America has a strong investment culture as a firm, resulting in an Above Average Parent Pillar rating. One of the most notable selling points... — read more
Glassdoor 2.9 Rating--Update
Current company rating on Glassdoor is 2.9. I tried to find a lower rating with a retirement plan record keeper but could not, unfortunately. If you look deeper into the numbers, African Americans and Hispanics give the company a 2.1 rating. Whites... — read more
Threads disappearing from TheLayoff?
I thought this was an open forum? Why and how are threads being censored? There were several long discussions which have mysteriously disappeared. Are we not allowed to discuss things like the CFO possibly being axed? What’s going on here?
The company is banking on attrition
The company traditionally experiences a certain amount of employees leaving in April, right after bonuses are paid in March. With the bonus being paid a month sooner, my guess is they moved that timeline up to have those that want to leave, leave... — read more
3 Client Relationship Managers Promoted After Layoffs
After all the layoffs, only 3 Client Relationship Managers were promoted this Spring. There are about 100 of us. I work on the West coast and been here for years. Meanwhile, over 10 sales reps, many who barely hit or didn't hit their numbers were... — read more
Stop being cowards
Instead of barking at a brick wall, try actually doing something. Speak up. Use your voices. Or are you all just comfortable talking tough behind a screen while rolling over for whatever the company throws at you? That’s embarrassing. With all the... — read more
The ax keeps falling: CFO fired at board meeting.
Current CFO (the one who isn’t a CPA) is OUT. They’ll probably spin it as a mutual agreement. The dominos keep falling. We will be in receivership by Labor Day. Nice knowing you all.
Board of Directors
Big Board Meeting coming up next week. It should be a barn burner. Lots of Angst in the air. Asset Retention hasn't gotten much better so far this year and those is such much in the air with the $140M loss when the stock market had one of its best... — read more
No Layoffs Today-But.....
There was an audible gasp today when they announced who was promoted. Only 3 Client Relationship Managers were promoted but over 10 sales reps. I have been working in the field offices for several years now and never have seen fewer service people... — read more
Asset Retention Numbers and More Layoffs ?
Net project outflows for the year through February are roughly negative $1.5B. This most likely means another 50+ layoffs sometime in the future. If the market declines and has a 20% correction in 2026, then it could get real ugly.
Incentive Compensation
Was incentive compensation paid this week? What was the factor and have resignations followed?
Fitch Ratings A- Negative Outlook
Fitch came out on 2/5 with a no action taking on Mutual of America keeping the ratings at A- with a negative outlook. If not for the sale of 320 Park Ave, one only can speculate that Fitch may have downgraded the Firm again this time as a BBB but... — read more
Employee Appeciation Day is March7
To thank the hard-working employees who are still here, the CHRO will be gathering employees together to create “vision boards” and share their dreams for a better tomorrow …
DOGE
If DOGE audited Mutual, what would they find ?