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Mutual of America is a Fortune 1000 mutual company headquartered in Manhattan, New York City. [4] The company had $26.4 billion in total assets under administration and served more than 500,000 401 (k) and 403 (b) retirement plan participants from more than 5,000 clients nationwide, as of December 31, 2023. [5]
The Mutual Life Insurance Company of New York (also known as Mutual of New York or MONY) was the oldest continuous writer of insurance policies in the United States. Incorporated in 1842, it was headquartered at 1740 Broadway, before becoming a wholly owned subsidiary of AXA Financial, Inc. in 2004.
New York Life Insurance Company (NYLIC) is the third-largest life insurance company [4] and the largest mutual life insurance company in the United States, [5] and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue. [6] In 2023, NYLIC achieved the best possible ratings by the four independent rating ...
It's also a far cry from the $1.5 million that the typical worker said they'd need to fund a comfortable retirement, according to a Northwestern Mutual study published earlier this year.
Keep in mind that retirement accounts, which include individual retirement accounts, Keogh accounts, and certain employer-sponsored accounts, such as 401(k), 403(b), and thrift savings accounts ...
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