Mutual of America 2018 Annual Report – Community

At Mutual of America, we believe that every individual deserves a trusted partner on his or her journey toward a more financially secure future. That strong sense of social responsibility can be seen in our customer-first attitude and in the ways we proudly give back to the diverse communities we serve.

Our support of organizations that are working to improve the quality of life in communities across our country is an example of this commitment. Since 1996, the Mutual of America Community Partnership Award annually honors 10 nonprofit organizations that are addressing some of society’s most challenging problems.

The 2018 Community Partnership Award winner and recipient of the Governor Hugh L. Carey Award is the Baltimore City Deconstruction Project. This pioneering collaboration between Humanim, Inc., Baltimore City Housing and the Office of Sustainability, the U.S. Forest Service, the Maryland Department of Housing and Community Development, and Room & Board, is transforming once-blighted blocks of dilapidated, vacant houses in Baltimore’s inner city into thriving green space.

Mutual of America is also working to strengthen public awareness of social issues through our continuing commitment to public television. The Company is proud to have been a lead sponsor of the documentary film, In Money We Trust?, which premiered on public television in 2018. Based on a bestselling book by Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, and Elizabeth Ames, the film addresses issues revolving around our nation’s monetary system and its role in the global economy. In addition, the Company continues its support of the Public Broadcasting Service (PBS), including the PBS NewsHour Weekend and MetroFocus programs.

Our culture of caring runs deep. This year, nearly all of our 1,100 employees participated in charitable events and voluntary giving in their own communities.

Our culture of caring runs deep. This year, nearly all of our 1,100 employees participated in charitable events and voluntary giving in their own communities. Mutual of America supports their selfless efforts by providing matching contributions and gifts to hundreds of charitable organizations.

For more than 25 years, we have been a flagship sponsor of the American Cancer Society® Making Strides Against Breast Cancer Walk® in New York City, helping to raise more than $3 million. Additionally, we are a top corporate fundraiser for the National Multiple Sclerosis Society’s Walk MS® and the top overall fundraiser in 2018 for the Concern Spring Run, a run/walk fundraiser for Concern Worldwide.

Together, we will continue to work to strengthen our communities and to provide the tools and resources Americans need in their journey toward a financially secure future for themselves and their families.

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 by visiting mutualofamerica.com

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.

There is a contract fee (unless you elect to receive documents electronically), and investments in the Separate Account investment funds are subject to Separate Account charges and underlying funds investment management fees and expenses. Withdrawals of the tax-deferred interest and any investment earnings 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.

Statements made in this interactive annual report by clients of Mutual of America are not paid testimonials. These testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.

Past performance is no guarantee of future results.

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.

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.

There is no separate fee for Mutual of America’s Financial Consulting Services, although there are minimum account balance requirements. The information provided by Mutual of America’s Financial Consultants is educational in nature and is not intended to serve as a primary basis for investment decisions. Mutual of America’s Financial Consulting Services do not create an investment advisory or a fiduciary relationship (including under ERISA) between you or your employees and Mutual of America. Mutual of America and its Financial Consultants do not provide tax or legal advice. Consult your personal tax adviser or attorney for matters involving taxation and tax planning and your attorney for matters involving personal trusts and estate planning.