Group Enrollment

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For more information, please call your local Mutual of America office. 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.

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. 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.

Consolidate your retirement savings

866.954.4321

Download the guide

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

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.

Enrolling is fast and easy

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.

In addition to the services provided by our local offices, mutualofamerica.com allows you to:

Perhaps you have limited investment experience or don’t have the time or inclination to research every investment choice within your employer's plan. You may be able to choose from several funds in which the investment allocation is selected by a professional fund manager.

Establish your asset allocation

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...

A guide to your new retirement plan and how to get started

320 Park Avenue, New York, NY 10022-6839 mutualofamerica.com • 800.468.3785 •

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.

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.

Mutual of America provides investment options that can help you save for the future, regardless of your investment experience.

A wide range of investment options.

Mutual of America representatives are available at no cost to answer your questions about your enrollment, your retirement plan and naming beneficiaries.

One-on-one help.

Take your savings to the max

Understand the value of employer matching contributions

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

One of the most important investment decisions you can make is determining how much of your retirement savings to allocate to the major asset classes —stocks, bonds and cash. You can allocate your salary contributions among any of the funds offered through the plan. 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.

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 illustration assumes a beginning balance of $0, contributions are made monthly, no increase in earnings and an annual rate of return of 6%. This is for illustrative purposes only and does not represent any actual investment performance, price or yield. Investment returns are not guaranteed, and your actual return may vary significantly from that shown.

Saving early and regularly over time can increase your retirement readiness.

If your employer's plan offers a Roth provision...

With the array of investment options available under your employer's retirement plan, you can structure a portfolio to be as concentrated or as diversified as you wish.

Some experts believe that determining your asset allocation is one of the most important decisions you will make with respect to your investments. Help preserve capital by reducing risk over time. The examples below are representative of generic asset allocations.

You can contribute after-tax dollars. Any earnings accumulate tax-free, as well as any withdrawals, 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.

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, including 401(k) and 403(b) plans, to help offset their federal income taxes. The Saver’s Credit ranges from 10% to 50% of eligible contributions, depending on your adjusted gross income. 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 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.

Connect with us:

Consolidate your retirement savings

You should consider the investment objectives, risks, and charges and expenses of the investment funds and, if applicable, the variable annuity contract, carefully before investing. This and other information is contained in the funds’ prospectuses and summary prospectuses and the contract prospectus or brochure, if applicable, 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, please call your local Mutual of America office. 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.

Call Now

866.954.4321

Download the guide

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!

These interactive tools are designed to help you:

Take your savings to the max

Understand the value of employer matching contributions

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.

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.

Stocks (Equity)

Bonds (Fixed Income)

Money Market Funds (Cash and Cash Equivalents)

Aggressive

Moderately Aggressive

Moderate

Moderately Conservative

Conservative

Sample portfolio allocations shown for illustration purposes only. The use of asset allocation does not guarantee returns or eliminate the risk of loss.

Your asset allocation will vary depending on the type of investor you are.

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.

Be ready for what’s next in life

Insurance products are issued by Mutual of America Life Insurance Company. Mutual of America Securities LLC, Member FINRA/SIPC distributes securities products. Mutual of America Retirement Services LLC provides administrative and recordkeeping services. Mutual of America Financial Group is the trade name for the companies of Mutual of America Life Insurance Company.

How much should you save?

Experts generally recommend that you save enough to provide a retirement income of about 80% of your current income.

U.S. Department of Labor, “Savings Fitness,” page 6, How Much Retirement Income Will I Need? September 2019.

Not available for group annuity plans in NY or VA.

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.

Investor.gov, ”Beginners’ Guide to Asset Allocation, Diversification, and Rebalancing,” www.investor.gov/additional-resources/general-resources/publications-research/info-sheets/beginners-guide-asset.

Not available for group annuity plans in NY or VA.

U.S. Department of Labor, “Savings Fitness,” page 6, How Much Retirement Income Will I Need? September 2019.

Subject to Mutual of America's Frequent Transfer Policy.

The power of starting early