A Strong Lineup of Investment Choices
In 2021, Mutual of America took a significant step forward in evolving its retirement plan investment choices by introducing a new custodial trust platform offering retail mutual funds. The custodial trust platform is in addition to the Company’s new, advanced administration and recordkeeping technology.
The new custodial trust platform provides plan sponsors with greater choice and flexibility in how they meet the unique plan demographics and investment needs of their employees. For example, the new platform includes a choice of ESG funds, wherein environmental, social and governance factors are integrated into the investment process.
“For employers, choosing a retirement plan provider that offers a strong lineup of diverse investment options for plan participants is one of the most important fiduciary obligations they have as a plan sponsor,” said Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, a registered investment adviser and an indirect, wholly owned subsidiary of Mutual of America Life Insurance Company.