What Makes a Retirement Plan Successful?
Plan design, investment choices, and plan sponsor and participant tools and communications typically top the list. While these elements are vital, an integrated technology platform—and the data and insights it can provide—is rapidly becoming the connective tissue that drives a plan forward and spurs innovation.
Mutual of America's recent investment in a next-generation, cloud-based administration and recordkeeping technology platform is designed to enable a more dynamic approach to optimizing plan operations and meeting retirement plan needs.
Plan Data at a Glance
Plan sponsors have access to plan data at a glance to help them measure progress, drive strategy and improve plan results. Plan participants now have fast and easy access to personalized information and tools to help them track their savings and boost retirement readiness.
“The total modernization of our technology, and the integrated, holistic view of our systems and the data they provide, will enable us to take a giant step forward in delivering greater efficiencies and value for our Company and our customers,” said Chris Festog, Senior Executive Vice President and Chief Financial Officer.
“The needs and preferences of plan sponsors and participants—and the challenges they each face—are constantly evolving,” said Aferdita Gutierrez, Executive Vice President and Deputy Treasurer.
“Mutual of America's transformative technology platform enables us to see our business from the customer's point of view and build a common vision for moving forward.”