401(a) Profit-Sharing Plan

401(a) plan

Mutual of America provides services for 401(a) Profit-Sharing retirement plans to governmental, for-profit and not-for-profit employers.


Mutual of America offers services to 401(a) Profit-Sharing plans, also called discretionary plans, which are similar to a money purchase pension plans in that the amount of an employee's retirement benefit depends on the amount in an individual employee's account at retirement. The distinguishing feature of this plan, however, is that the employer is not obligated to make contributions each year, but there must be recurring and substantial contributions.


We provide outstanding administrative services, which include:

  • Plan document, amendments, restatements and Summary Plan Description/Highlight booklets
  • Recordkeeping and other administrative services
  • Investment related services (subject to plan fiduciary oversight)
  • Employee education, communication and enrollment
  • Benefit estimates upon request
  • Processing claims for benefits and disbursement of benefit payments
For a complete list of services provided, please contact your local Mutual of America Regional Office.

Advantages for Plan Sponsors

  • Employer contributions are tax deductible up to certain statutory limits.
  • Helps recruit and keep quality employees
  • Helps employees build retirement security

Select a link below to view more information about other specific group retirement plans:

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.
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 funds 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.

Group Product