Mutual of America Life Insurance Co.

New York, NY Finance & insuranceNAICS 525100

Self-funded health planPlan year 2025Renews January
822Participants-22% vs. prior year
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#43 of 59Finance & insurance in NYBy participants

Overview

Mutual of America Life Insurance Co. sponsors a self-funded health plan that covered 822 participants in plan year 2025, down 22% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
822 · prior year 1,057
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Mutual of America Comprehensive Group Health Plan, plan 503 (822 participants)
Broker compensation
$5K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Anthem Blue Cross Blue ShieldMedical437$515K—
First Unum Life Insurance CompanyLong-term disability, Life743$455K$5K
American Insurance Co.Business Travel Accident878$3K—

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$1.9M/ year

Estimated prescription spend: 822 participants × $2,371 national average per member. Usually higher once dependents are counted.

$51K–$125K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$22K–$45K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$15K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Mutual of America Life Insurance Co.
Sponsor EIN
13-1614399
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-1614399 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Retirement Plan for Employees of Mutual of America Life Insurance Co.
Type
Pension plan
Participants
2,552

About this data

Source: Mutual of America Life Insurance Co.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Mutual of America Life Insurance Co..

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