Manage your account 24/7 at mutualofamerica.com
For more information, contact your local Mutual of America office.
Call Now
Do you have retirement plan accounts with former employers or IRAs with different financial institutions? You may be able to save time, money and effort by transferring your retirement savings from other retirement plans or IRAs into your Mutual of America retirement plan account or an IRA, which is a variable annuity contract. You’ll receive one convenient quarterly statement, and you can manage your account anytime at mutualofamerica.com.
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 account.
Consolidate your retirement savings
866.954.4321
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 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
Money Market Fund Investors: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
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.
There are a number of reasons to enroll now
RETIREMENT PLAN ENROLLMENT
Does retirement seem far away? And does saving for retirement look like it's out of reach? You may feel like you don’t have the help you need—and that putting money aside is a real challenge. Mutual of America understands.
As the service provider for your employer's retirement plan, we can show you how saving for the future can be easier than you thought. We give you the encouragement and the support to do it. Plus, clear, simple tools and resources to help you along the way. It’s the kind of attention you might never have expected, but now you can.
Let’s get started.
Experience a way ahead—designed to give you a new level of confidence
Enrolling is fast and easy
It’s important to complete the Online Enrollment process to:
In addition to the services provided by our local offices, mutualofamerica.com allows you to:
You can choose from several funds in which the investment allocation is selected by a professional fund manager, including:
Customize your portfolio to your needs
If you want to take a less active role in your retirement investing...
If you want to be more involved in your investment selection and management...
If you are a more risk-averse participant...
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?
A guide to your new retirement plan and how to get started
Unless you are making designated Roth contributions, federal income taxes on your contributions will be deferred until you take a distribution from the plan. This reduces the amount of tax deducted from your paycheck. See below information about Roth contributions.
You can reduce your current income taxes.
Any earnings accumulate tax-free until you withdraw them, usually at retirement. Withdrawals are taxed as ordinary income, and if you withdraw funds before you turn age 59½, you may incur a 10% federal tax penalty. See below information about Roth contributions.
Your savings can grow faster, tax deferred.
Mutual of America provides savings and investment options that can help you save for the future, regardless of your investment experience.
A wide range of savings and investment options.
• Verify your personal information.
• Choose how you want contributions allocated among the savings and investment options available under your employer's retirement plan.
• Name your beneficiaries.
• Sign up to receive plan and account documents electronically.
After you enroll online, you will receive a confirmation notice regarding your participation in the retirement plan. Or, if you decide not to enroll online, please ask your Mutual of America representative or your Human Resources department or Plan Administrator for the necessary forms.
Read More
Take your savings to the max
Read More
Understand the value of employer matching contributions
Read More
Select the investment options suited to your goals
Take your savings to the max
Tax-deferred investing can be one of the most powerful tools for growing your retirement savings. Consider contributing the maximum percentage allowable, and take advantage of your employer match if one is available. To see the IRS contribution maximums and limitations for various retirement plans, visit mutualofamerica.com.
Value of an account in 30 years if you contribute $100 per month
$100,000
80,000
60,000
40,000
20,000
0
$97,926 Start now
$67,958 Wait 5 years
The illustration assumes a beginning balance of $0 and tax-deferred investment with an annual rate of return of 6%. This is not a prediction of any type of investment, is not representative of any investment strategy and is provided for illustrative purposes only. Investment returns are not guaranteed, and your actual return may vary significantly from that shown.
Select the investment options suited to your goals
You can allocate your salary contributions among any of the funds offered through the plan, but one of the most important decisions is how much to allocate to stocks, bonds and cash. Diversifying your savings can help reduce your risk and increase your opportunity to achieve higher returns. However, diversification does not guarantee investment returns or eliminate the risk of loss. When selecting investment options, consider your long-term financial goals, tolerance for risk, investment experience and time horizon for investing.
Select from a wide range of investment options
Increasing Potential Return>
This chart shows how Mutual of America's Separate Account investment options, available through your employer's retirement plan, compare in terms of risk and potential return. The spacing between funds is not meant to be exact, but rather to illustrate relative risk and potential return. The Retirement and Allocation Funds are grouped together above with the other balanced funds for illustrative purposes. The asset composition of these funds can differ significantly and therefore can have different risk and potential return characteristics among different asset classes. The actual performance of the underlying funds may differ depending on the investment options selected, timing of transactions, market conditions and other factors.
Understand the value of employer matching contributions
The earlier you start to save, the more time your retirement account has the potential to grow. Plus, many employer-sponsored retirement plans offer matching contributions. This means that the employer will match a certain percentage of your contribution, based on a specific formula in your employer's plan.
The chart to the right highlights the impact of saving early and regularly. In addition, you can see how taking advantage of an employer match, if offered, can provide even more value.
This example assumes that you start saving at age 29 with a $35,000 annual salary and 6% annual contribution until retirement at age 67.
$500,000
400,000
300,000
200,000
100,000
0
$441,888
With employer match of 50% up to 6% of pay
No employer match
$294,592
This hypothetical example is for illustrative purposes only and does not represent any actual investment performance, price or yield. This illustration assumes a beginning balance of $0, contributions are made monthly, no increase in earnings and an annual rate of return of 6%. Investment returns are not guaranteed, and your actual return may vary significantly from that shown.
Consider increasing your retirement plan contributions over time. Mutual of America’s group annuity contract offers a mix of investment options to help you meet your retirement objectives.
Money Market Fund
Select from a wide range of investment options
Bond Funds
Balanced Funds (Includes Retirement and Allocation Funds)
Large Cap Equity Funds
Mid Cap Equity Funds
International Equity Funds
Real Estate Fund
Small Cap Equity Funds
If your employer's plan offers a Roth provision...
With the array of Separate Account investment options available under your employer's retirement plan, you can structure a portfolio to be as concentrated or as diversified as you wish.
Many experts believe that long-term investment success is more a function of how assets are allocated among asset classes rather than the individual securities in which they are invested.
You may want to consider the Interest Accumulation Account, which offers a competitive interest rate as well as a guarantee of your principal and previously credited interest to protect against market risk. This guarantee is subject to Mutual of America’s financial strength and claims-paying ability.
You can contribute after-tax dollars. Any earnings accumulate tax-free as well as any distributions, provided you’ve held the account for at least five years and are at least age 59½ at the time of withdrawal.
Withdrawals for a qualified first-time home purchase (up to a $10,000 maximum lifetime limit) or as a result of disability are also free of federal taxes. Withdrawals of your after-tax contributions are not subject to federal income taxes.
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, you could lose money. In addition to a retirement date, individuals should consider their risk tolerance, time horizon, personal circumstances and complete financial situation before investing.
Based on the contributions you make to your retirement plan account, you may be eligible to take advantage of the Retirement Savings Contributions Credit, generally referred to as the Saver’s Credit.
This tax credit is available to retirement savers who make eligible contributions to a qualified retirement plan, an eligible governmental Section 457 plan, a 403(b) plan, a traditional or Roth IRA, and certain other plans to help offset their federal income taxes. The Saver’s Credit ranges from 10% to 50% of eligible contributions. Moreover, for those who qualify, the Saver’s Credit reduces their federal income tax bill, dollar for dollar.
The Saver’s Credit is a nonrefundable tax credit, which means that the amount claimed as a credit can never be more than the total federal income tax owed for a given tax year.
Who can take the credit?
The Saver’s Credit applies to individuals who are at least 18 years of age at the end of the applicable tax year and cannot be claimed as a dependent by someone else or are not full-time students, as determined under federal tax law.
These individuals can take the credit if they voluntarily make eligible contributions to the plans described above and have a filing status and adjusted gross income for 2023 of:
Single with adjusted gross income up to $36,500
Head of household with adjusted gross income up to $54,750
Married, filing jointly with adjusted gross income up to $73,000
Take advantage of the “Saver’s Credit”
Tax filing status, adjusted gross income limits and credit percentages
Individuals eligible for the Saver’s Credit could reduce their federal income tax bill by as much as $1,000 ($2,000 if married and filing jointly). The actual credit depends on your adjusted gross income, filing status and how much you contribute to your retirement plan accounts. Eligible contributions may have to be reduced to reflect distributions received during a period, called the testing period, as defined by federal tax law.
In addition, adjusted gross income may have to be increased to reflect certain allowable deductions or exclusions, as provided by federal tax law.
Note: This information is for informational purposes only. You should consult your tax adviser or attorney regarding your individual circumstances.
Online Retirement Calculators
• Check your account balance.
• Change your asset allocation strategy.
• Make transfers among the interest and investment options.
• Receive quarterly account statements and more through eDocuments.
• Access performance information for all the funds, updated daily.
• Track your personal rate of return.
• Use our educational resources to learn more about retirement planning and investing.
Find out how much you may need to save based on when you want to retire.
Determine the amount you may need to save to reach your target.
Calculate how various contribution amounts may affect your paycheck.
See the potential financial impact of delaying retirement and much more!
You’ll find the Retirement Calculators at: mutualofamerica.com/ri.
The Retirement Income Fund — Intended for investors who have reached retirement or have passed their anticipated retirement year and seek current income consistent with preservation of capital and, to a lesser extent, capital appreciation.
Mutual of America Target-Date Retirement Funds — Invest in a selection of stock, bond and money market funds that start out with a higher risk-return position and are professionally managed to become more conservative as you approach and pass the target retirement date of the investment fund.
While you can invest in any of the target-date Retirement Funds that your plan offers, participants most often choose the fund that most closely matches their anticipated retirement date.
Asset Allocation Funds — A mix of equity and fixed income investments, based on an aggressive, moderate or conservative approach to investments.
Balanced Investment Funds — A choice of diversified portfolios that invest in a set percentage of stock and bond investments, balanced to meet the specific objectives of the fund.
Consolidate your retirement savings
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.
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.
Money Market Fund Investors: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund
is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
For more information, contact your local Mutual of America office.
Call Now
866.954.4321
Download the Brochure
Be ready for what’s next in life
• Verify your personal information.
• Choose how you want contributions allocated among the savings and investment options available under your employer's retirement plan.
• Name your beneficiaries.
• Sign up to receive plan and account documents electronically.
• Find out how much you may need to save based on when you want to retire.
• Determine the amount you may need to save to reach your target.
• Calculate how various contribution amounts may affect your paycheck.
• See the potential financial impact of delaying retirement and much more!
Check your account balance.
Change your asset allocation strategy.
Make transfers among the interest and investment options.
Receive quarterly account statements and more through eDocuments.
Access performance information for all the funds, updated daily.
Track your personal rate of return.
Use our educational resources to learn more about retirement planning and investing.
Increasing Risk >
These interactive tools are designed to help you:
The Retirement Income Fund — Intended for investors who have reached retirement or have passed their anticipated retirement year and seek current income consistent with preservation of capital and, to a lesser extent, capital appreciation.
Mutual of America Target-Date Retirement Funds — Invest in a selection of stock, bond and money market funds that start out with a higher risk-return position and are professionally managed to become more conservative as you approach and pass the target retirement date of the investment fund.
While you can invest in any of the target-date Retirement Funds that your plan offers, participants most often choose the fund that most closely matches their panticipated retirement date.
Asset Allocation Funds — A mix of equity and fixed income investments, based on an aggressive, moderate or conservative approach to investments.
Balanced Investment Funds — A choice of diversified portfolios that invest in a set percentage of stock and bond investments, balanced to meet the specific objectives of the fund.
Close
Close
Close
Close
Close
Read More
Understand the value of employer matching contributions
Your employer's retirement plan offers you one of the most effective ways to prepare for a more financially secure future. The sooner you begin saving, the more time your money can work for you. It only takes a few minutes to enroll—and it’s even faster if your employer offers online enrollment.
Securities offered by Mutual of America Securities LLC, Member FINRA/SIPC.
Insurance products are issued by Mutual of America Life Insurance Company.
320 Park Avenue, New York, NY 10022-6839
mutualofamerica.com • 800.468.3785 •
Connect with us:
A guide to your new retirement plan and how to get started
RETIREMENT PLAN ENROLLMENT
Do you have retirement plan accounts with former employers or IRAs with different financial institutions? You may be able to save time, money and effort by transferring your retirement savings from other retirement plans or IRAs into your Mutual of America retirement plan account or an IRA, which is a variable annuity contract. You’ll receive one convenient quarterly statement, and you can manage your account anytime at mutualofamerica.com.
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 account.
Experts generally recommend that you save enough to provide a retirement income of about 80% of your current income.
3
U.S. Department of Labor, “Savings Fitness,” page 6, How Much Retirement Income Will I Need? September 2019.
How much should you save?
Experts generally recommend that you save enough to provide a retirement income of about 80% of your current income.
3
U.S. Department of Labor, “Savings Fitness,” page 6, How Much Retirement Income Will I Need? September 2019.
How much should you save?
Mutual of America provides savings and investment options that can help you save for the future, regardless of your investment experience.
A wide range of savings and investment options.
Any earnings accumulate tax-free until you withdraw them, usually at retirement. Withdrawals are taxed as ordinary income, and if you withdraw funds before you turn age 59½, you may incur a 10% federal tax penalty. See below for information on Roth distributions.
Your savings can grow faster, tax deferred.
Unless you are making designated Roth contributions, federal income taxes on your contributions will be deferred until you take a distribution from the plan. This reduces the amount of tax deducted from your paycheck. See below for information on Roth contributions.
You can reduce your current income taxes.
Mutual of America representatives are available to answer your questions about your enrollment, your retirement account and naming beneficiaries.
One-on-one help.
4
3
The power of starting early
You can also call 866.939.7655 to speak with a Rollover Specialist, Monday through Friday, 9:00 a.m. to 8:00 p.m. ET.
Subject to Mutual of America's Frequent Transfer Policy.
5
Information and interactive calculators are made available as self-help tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to individual circumstances. All examples are hypothetical and are for illustrative purposes only. We encourage individuals to seek personalized advice from qualified professionals regarding all personal finance issues.
6
Visit mutualofamerica.com/signup to get started.
Review plan details.
Establish an investment risk profile and how you want your contributions allocated to the retirement plan.
Designate your beneficiaries.
View your retirement savings projection.
Sign up for Mutual of America’s eDocuments program to receive various documents electronically.
Once you complete these steps, you’ll receive a notification confirming your enrollment.
Not available for group annuity plans in NY or VA.
1
We determine and charge the monthly participant charge as of the 15th day of each month (or, the first business day thereafter if the 15th day occurs on a weekend or holiday). Generally, the monthly participant charge will be waived for any month, provided you are consented to receive eDocuments by the close of the New York Stock Exchange on the 15th day of such month (or, the first business day thereafter if the 15th day occurs on a weekend or holiday). If you participate in an individual or group retirement plan funded by a Mutual of America variable annuity contract, the monthly participant charge is the lesser of $2 or 1/12 of 1% of your account balance at the 15th day of the month if your account balance is less than $2,400 at the 15th day of the month. The $2 monthly participant charge is also waived for participants with an account balance of less than $300 at the 15th day of the month. If you participate in a group retirement plan that offers a menu of mutual funds, the monthly participant charge is $3.50. When you sign up for eDocuments, read the terms and conditions for the eDocuments program carefully. You will no longer receive paper versions of documents that are made available to you through eDocuments.
2
![](https://media-s3-us-east-1.ceros.com/mutual-of-america/images/2021/08/10/df58966a1c66cd0e6b4d42748b67c2fc/check-icon.svg)