NEW YORK, Feb. 28, 2012 /PRNewswire/ -- Mutual of America announced today that it has been named the No. 1 retirement plan provider for its Investment Services and No. 2 in Recordkeeping and Administration in the recently released 401kExchange 2011 Year-End Ratings and Market Share Report.
The report is based on results from a national survey of current customers of companies in the group employer market that took place during 2011.
Mutual of America was named the top-performing provider for Investment Services in the under $1 million retirement plan market among plan sponsors participating in the survey. In addition, Mutual of America ranked second in Recordkeeping and Administration in the same market, demonstrating consistent excellence and strength in serving the needs of plan sponsors within this vital marketplace.
"We have been conducting this same survey, measuring provider satisfaction with tens of thousands of 401(k) plan sponsors each year for over a decade," said Randy Mysel, CEO of 401kExchange. "This is not the first time that Mutual of America has reached the top 10 rated providers list, but achieving a #1 ranking in Investment Services and a #2 ranking in Recordkeeping and Administration in the market they serve is quite an accomplishment. It shows a true commitment to client satisfaction and a clear understanding of the business."
"These survey results reflect our commitment to providing plan sponsors with the highest level of investment and administrative services," said William Rose, Executive Vice President and Chief Marketing Officer for Mutual of America. "The results also reflect the trust that clients place in the Company's leadership, strength and superior personal service – values Mutual of America stands behind, in the true spirit of America."
About Mutual of America
Mutual of America specializes in providing retirement products and services to organizations and their employees, as well as to individuals. Since 1945, Mutual of America has remained committed to offering plan sponsors, plan participants and individuals carefully selected, quality products and services at a competitive price and the personal attention they need to help build and preserve assets for a financially secure future. For more information, visit mutualofamerica.com.
Learn more about Mutual of America's "Spirit of America" 2012 advertising campaign.
SOURCE Mutual of America