Mutual of America’s Story.
- MOA launched – in part – with a grant from (Community Chest, Pre- United Way) United Way the United Way and has an appreciation for how grants support “good work”.
- MOA appreciates the health center story and sees parallels to their own.
- MOA was founded in 1945 to serve the non-profit market sector at a time when there was little interest among financial planning institutions to serve these institutions.
How Mutual of America does business.
- In lieu of their modern technologies & platforms. Some still Considered old-fashioned by some, MOA prefers taking the human approach to business (i.e., face-to-face meetings, onsite guidance for employees, and providing education to ensure thoughtful decisions by employees.)
- MOA sales representatives are non-commissioned.
Functional Features
Mutual of America’s Capabilities.
- MOA will structure a plan design based on organizational needs.
- (MOA is a bundled/single source provider of plan services)
- MOA will consult with individual employees to ensure retirement plans meet their personal financial goals.
- Local brokers can sell MOA products and service local health center needs.(MOA has an exclusive distribution model) but can work with their current 3(38) or 3(21)
- MOA offers a variety of support systems for human resources professionals.
Mutual of America’s Commitment to Community Health Centers
The CHV/MOA Agreement.
- MOA will waive administrative fees for FQHCs (anywhere from $2,000 to $10,000 per year with most providers). MOA administrative fees are very competitively priced at $1,500 per year.
- MOA will offer benchmarking analysis free of charge so that all employees can easily compare current investment funds to MOA fund performance. (Easily compare the plans total cost to the marketplace and Mutual of Americas offering).
