Choose Mutual of America as your retirement plan provider and you’ll
join a select group of businesses, not-for-profits and government agencies. These organizations rely on us for a higher level of service, attention and expertise. You’ll have access to solutions designed to enhance plan operation, participation and compliance.
Across every facet of your plan, you’ll be able to deliver retirement benefits that are easy to administer and easy to use, and that give your employees a high degree of choice and flexibility.
Plan design and optimization.
Elements of a strong retirement plan
The multiple employer plan may be right for your organization if you...
+ click here for
important information
Specialists offer guidance on plan features, best practices and increasing plan participation.
Of course, before making a transfer, you should review the accounts you have with other providers to determine the fees and expenses you currently pay and whether there are any surrender charges that may result and to ensure that it is in your best interest to transfer your other accounts to your current plan.
For more information, contact your local Mutual of America office.
Call Now
All of us at Mutual of America are committed to using our experience and expertise to help you offer a retirement plan that’s easy to administer—and that gives your employees an effective way to prepare for tomorrow.
Ready to get started? Mutual of America is here to help.
866.954.4321
Plan administration
Online systems help you make timely contribution remittances, generate
customized reporting and collect
year-end data.
Financial education
Delivered through in-person seminars and online financial education.
Withdrawal options
Participants can choose
from a number of distribution options, including lump-sum payments, periodic withdrawals or guaranteed income.*
Generally, withdrawals are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty. Consult your tax adviser regarding your specific situation.
The performance of the Separate Account investment options is not guaranteed, and any assets allocated to them may decrease or increase in value. For more specific information about our Separate Account investment options, including industry allocations and fund performance, please visit mutualofamerica.com.
The target date set forth in each Retirement Fund’s name is the approximate date that the fund expects investors to retire and begin withdrawing their account balance. The value of a Retirement Fund is not guaranteed at any time, including at and after the target date. There is no guarantee that a Retirement Fund will correctly predict market or economic conditions, and as with other mutual fund investments, investors may lose money. In addition to a retirement date, individuals should consider their risk tolerance, time horizon, personal circumstances and complete financial situation before investing.
We guarantee that we will credit interest for the life of the contract to amounts in the Interest Accumulation Account of our General Account at a rate at least equal to the greater of (1) any contractual minimum guarantee provided by the contract or (2) the minimum rate required by applicable state law or, if no state law minimum rate is applicable to a contract, the minimum guaranteed credited interest rate will be set pursuant to National Association of Insurance Commissioners (NAIC) standard nonforfeiture law. The NAIC minimum rate is determined in accordance with a formula, and cannot be less than 1.00% or more than 3.00% in any event. We determine whether the application of the formula will change the minimum guaranteed rate each November, and any change is effective the following January 1 for that calendar year. In addition, Mutual of America may credit interest to your contract amounts in the Interest Accumulation Account at a higher rate that we declare from time to time and which may increase or decrease at our sole discretion, although we are not obligated to credit interest in excess of the minimum guaranteed rate. If you participate in an existing Tax Deferred Annuity contract, you should refer to it before making a decision because it may have a guaranteed minimum rate in excess of the formula described above and the advertised declared rate. We compound interest daily on your contract amounts in the General Account to produce an effective annual yield that is equal to the stated interest rate.
Disclosures
1.
2.
3.
4.
Download the Brochure
Download the Brochure
You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 1-866-954-4321 or visiting mutualofamerica.com. Read them carefully before investing.
Mutual of America’s group and individual retirement products are variable annuity contracts and are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract’s other features before making a decision.
Mutual of America Life Insurance Company
320 Park Avenue, New York, NY 10022-6839
mutualofamerica.com • 800.468.3785
Mutual of America Life Insurance Company is a registered Broker-Dealer.
Mutual of America® is a registered service mark of Mutual of America Life Insurance Company.
Take advantage of
our experience.
Since 1945, Mutual of America has been a leading provider of workplace retirement plans. As a full-service provider, we offer the
cost-efficiency of a single source for your plan services, including investment services, administration, compliance support, fiduciary support and employee education. For more information, please visit mutualofamerica.com.
contact us
You should consider the investment objectives, risks, and charges and expenses of the variable annuity
contract and the underlying investment funds carefully before investing. This and other information
is contained in the contract prospectus or brochure and underlying funds prospectuses and summary
prospectuses, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them
carefully before investing.
The target date set forth in each Retirement Fund’s name is the approximate date that the fund expects investors to retire and begin withdrawing their account balance. The value of a Retirement Fund is not guaranteed at any time, including at and after the target date. There is no guarantee that a Retirement Fund will correctly predict market or economic conditions, and as with other mutual fund investments, investors may lose money. In addition to a retirement date, individuals should consider their risk tolerance, time horizon, personal circumstances and complete financial situation before investing.
We guarantee that we will credit interest for the life of the contract to amounts in the Interest Accumulation Account of our General Account at a rate at least equal to the greater of (1) any contractual minimum guarantee provided by the contract or (2) the minimum rate required by applicable state law or, if no state law minimum rate is applicable to a contract, the minimum guaranteed credited interest rate will be set pursuant to National Association of Insurance Commissioners (NAIC) standard nonforfeiture law. The NAIC minimum rate is determined in accordance with a formula, and cannot be less than 1.00% or more than 3.00% in any event. We determine whether the application of the formula will change the minimum guaranteed rate each November, and any change is effective the following January 1 for that calendar year. In addition, Mutual of America may credit interest to your contract amounts in the Interest Accumulation Account at a higher rate that we declare from time to time and which may increase or decrease at our sole discretion, although we are not obligated to credit interest in excess of the minimum guaranteed rate. If you participate in an existing Tax Deferred Annuity contract, you should refer to it before making a decision because it may have a guaranteed minimum rate in excess of the formula described above and the advertised declared rate. We compound interest daily on your contract amounts in the General Account to produce an effective annual yield that is equal to the stated interest rate.
The performance of the Separate Account investment options is not guaranteed, and any assets allocated to them may decrease or increase in value. For more specific information about our Separate Account investment options, including industry allocations and fund performance, please visit mutualofamerica.com.
Generally, withdrawals are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty. Consult your tax adviser regarding your specific situation.
Mutual of America’s group and individual retirement products that are variable annuity contracts are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract’s other features before making a decision.
Allocation options
Your participants can choose from a guaranteed interest account* and funds from leading investment companies.
Generally, withdrawals are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty. Consult your tax adviser regarding your specific situation.
*Guarantees are subject to the Company’s financial strength and claims-paying ability.
*Guarantees are subject to the Company’s financial strength and claims-paying ability.
Your plan is built for scale, service and efficiency
MULTIPLE EMPLOYER PLAN
Build Better
Retirements
Provide your members with competitive
retirement benefits for their employees
As a member of the sponsoring organization, you’re eligible to enroll in its multiple employer plan, offered through Mutual of America. It’s a single retirement plan, created exclusively for the benefit of members’ employees.
You’ll be able to give your staff a qualified retirement plan that offers a full range of savings and investment options, easy-to-use online account management and dedicated support from experienced representatives.
There’s no additional cost for your organization to join the multiple employer plan—Mutual of America’s investment and administrative services are offered as part of your membership.
Enhance your employee benefits by joining a multiple employer retirement plan
You probably know that a solid, well-managed retirement plan can help attract and retain top talent as well as emphasize to your employees the importance of saving for the future. But many organizations, especially smaller ones, find plan administration costly and time-consuming. Now you can enhance your employee benefits package quickly, easily and without hassle.
Easy to provide
Cost-efficient
Dedicated to participant service
Easy to provide
Mutual of America, in conjunction with the sponsoring organization, handles recordkeeping and participant services. You’ll have virtually no day-to-day administrative tasks.
Learn More
You get a comprehensive array of retirement plan services
Mutual of America’s retirement plan services and support help you offer retirement benefits that are easy to administer. You’ll find that the multiple employer plan is:
Learn More
Learn More
Cost-efficient
As the collective plan assets grow, participating employees will realize savings through reduced account charges.
The group plan is designed to encourage your employees to save and invest. They can make direct salary contributions allocated among a diverse array of retirement savings and investing options.
Mutual of America’s Participant Account Representatives are available for on-site or virtual plan education meetings, and they can provide answers to participants’ individual questions. Our salaried representatives do not receive commissions. Account information and retirement planning tools are also available online.
Dedicated to participant service
NEARLY
of workers participate in a retirement savings plan when offered one through their employer.¹
75%
47%
of employers believe that lack of retirement readiness is the top financial concern of their workforce.²
¹Source: Pew Analysis of U.S. Census Survey of Income and Program Participation, 2016.
²Source: Deloitte 2019 Defined Contribution Benchmarking Survey Report.
you can allow any number of eligible employers to participate in the plan.
Unlimited employers
If you have an existing retirement plan, it may make sense to merge it with the sponsoring organization’s multiple employer plan. (The combination is subject to Mutual of America’s underwriting guidelines and requirements.)
All participating members enjoy the same benefits and services, with no minimums on the number of participants or amount of assets. You’ll also be able to generate up-to-date reports on your plan’s activity.
Support for existing plans
No matter how many plans are merged into your multiple employer plan, you’ll only have one plan audit and be required to purchase one fidelity bond, and your members will no longer need to file their own Forms 5500. Your Mutual of America service team will help with the Form 5500 filing for the new plan as well as provide any needed information to your audit firm.
Streamlined administration
If your organization or any of your members have existing retirement plans, we can see if it makes sense to merge them with your new multiple employer plan, subject to Mutual of America’s underwriting guidelines and requirements.
Support for existing plans
Plan sponsors and fiduciaries are indemnified against claims brought against them with respect to the ERISA qualified plan investment funds offered under our contract, subject to certain terms and conditions.
Protection for plan fiduciaries
Want to offer a retirement plan with streamlined administration and dedicated support.
See the value of plan communication, investment tools and personalized participant service.
Want to take full advantage of this additional member benefit.
Believe that strong benefits will boost morale and help you recruit and retain talent.
Recognize the importance of retirement readiness.
Want local service from an experienced team.
Stock market returns have been strong over the last decade, and declines in the equity market are not unexpected from time to time. However, past performance is no guarantee of future results.
Keep cool
Stay focused on
the long term
Forget about “timing” the market
Understand “dollar cost averaging”
Take advantage of the resources available
Keep cool
Even though the plan covers the employees of more than one employer, the sponsoring organization serves as its sole plan sponsor. You can join the plan through a participation agreement. While the primary structure of the plan is adopted by all participating employers, variations on certain plan features are included in an adoption agreement.
How does the multiple employer retirement plan work in practice?
1
2
3
4
5
Here are some frequently asked questions about the multiple employer retirement plan
Here are 5 frequently asked questions:
How does the multiple employer retirement plan work in practice?
How is the plan treated under the Employee Retirement Income Security Act (ERISA)?
What are my fiduciary responsibilities within the multiple employer plan?
What about the
“one-bad-apple” rule?
What about the “one-bad-apple” rule?
This multiple employer plan is treated as a single plan under ERISA. Only one Form 5500 must be filed by the sponsoring organization, and only one fidelity bond must be purchased covering the aggregated plan assets. Multiple employer plans will not need to have an annual plan audit if the total participant count is less than 1,000 and each participating employer has less than 100 participants. To date, however, the DOL has not adopted these modifications.
How is the plan treated under the Employee Retirement Income Security Act (ERISA)?
Most fiduciary responsibility resides with the sponsoring organization, including acting as the plan’s sponsor, choosing and monitoring the plan’s investment alternatives, handling Form 5500 filings and sending out required participant communications.
What are my fiduciary responsibilities within the multiple employer plan?
This former regulation held that all of the member employers of a multiple employer plan were responsible for the disqualifying actions of any of the others. The SECURE Act eliminated the “one-bad-apple” rule for plan years beginning in 2021.
What about the “one-bad-apple” rule?
This former regulation held that all of the member employers of a multiple employer plan were responsible for the disqualifying actions of any of the others. The SECURE Act eliminated the “one-bad-apple” rule for plan years beginning in 2021, clearing the way for greater multiple employer plan adoption.
What about the “one-bad-apple” rule?
MULTIPLE EMPLOYER PLAN
Offer full-service retirement
benefits to your employees.
Build
Better
Retirements
75%
75%
47%
Mutual of America’s retirement plan services and support help you offer retirement benefits that are easy to administer. You’ll find that the multiple employer plan is:
You probably know that a solid, well-managed retirement plan can help attract and retain top talent as well as emphasize to your employees the importance of saving for the future. But many organizations, especially smaller ones, find plan administration costly and time-consuming. Now you can enhance your employee benefits package quickly, easily and without hassle.
1
Even though the plan covers the employees of more than one employer, the sponsoring organization serves as its sole plan sponsor. You can join the plan through a participation agreement. While the primary structure of the plan is adopted by all participating employers, variations on certain plan features are included in an adoption agreement.
This multiple employer plan is treated as a single plan under ERISA. Only one Form 5500 must be filed by the sponsoring organization, and only one fidelity bond must be purchased covering the aggregated plan assets. Multiple employer plans will not need to have an annual plan audit if the total participant count is less than 1,000 and each participating employer has less than 100 participants. To date, however, the DOL has not adopted these modifications.
2
This former regulation held that all of the member employers of a multiple employer plan were responsible for the disqualifying actions of any of the others. The SECURE Act eliminated the “one-bad-apple” rule for plan years beginning in 2021.
What about the “one-bad-apple” rule?
4
Most fiduciary responsibility resides with the sponsoring organization, including acting as the plan’s sponsor, choosing and monitoring the plan’s investment alternatives, handling Form 5500 filings and sending out required participant communications.
What are my fiduciary responsibilities within the multiple employer plan?
3
How is the plan treated under the Employee Retirement Income Security Act (ERISA)?
How does the multiple employer retirement plan work in practice?
3
+ click here for
important information
Connect with us:
As a trusted retirement plan services provider, Mutual of America offers retirement plan services nationwide to organizations and their employees. Since 1945, we have been dedicated to providing retirement products with the highest level of personal service to help plan participants build the assets they need to support the life they want in retirement. When it comes to retirement plan services, our experience, expertise and guidance are known and respected throughout the industry.
You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
Ready to get started? Mutual of America is here to help.
Mutual of America Life Insurance Company
320 Park Avenue, New York, NY 10022-6839
mutualofamerica.com • 800.468.3785
Securities offered by Mutual of America Securities LLC, Member FINRA/SIPC.
Insurance products are issued by Mutual of America Life Insurance Company.
You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
For more information, contact your local Mutual of America office.
One of our licensed rollover representatives will answer any questions and will help you consolidate your accounts.
Maximize the value of your employer-sponsored retirement plan and take advantage of everything we can offer you every step of the way on your journey to retirement.
Call Now
866.954.4321
Download the Brochure
+ click here for
important information
You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
Mutual of America’s group and individual retirement products are variable annuity contracts and are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract’s other features before making a decision.
Mutual of America Life Insurance Company
320 Park Avenue, New York, NY 10022-6839
mutualofamerica.com • 800.468.3785 •
Securities offered by Mutual of America Securities LLC, Member FINRA/SIPC.
Insurance products are issued by Mutual of America Life Insurance Company.
Even though the plan covers the employees of more than one employer, the sponsoring organization serves as its sole plan sponsor. You can join the plan through a participation agreement. While the primary structure of the plan is adopted by all participating employers, variations on certain plan features are included in an adoption agreement.
How does the multiple employer retirement plan work in practice?
1
