Mutual of America 2018 Annual Report – In Memoriam Thomas J. Moran

In Memoriam

Thomas J. Moran, Chairman Emeritus

Mutual of America and its Boards of Directors, together with its officers, employees and retired employees, mourn the passing and celebrate the life of Thomas J. Moran, Chairman Emeritus of Mutual of America, who passed away peacefully on August 12, 2018.

Tom joined Mutual of America in 1975. He was appointed President of Mutual of America in 1992, becoming the first President to be appointed from within the Company. In October 1994, he was appointed Chief Executive Officer and successfully led the Company in that role for 22 years, before retiring in April 2016. He was appointed Chairman of the Board in June 2005 and retired from Mutual of America’s Board in March 2018.

Tom had an extraordinary 43-year career at Mutual of America. He was instrumental in the Company’s conversion into a mutual life insurance company and its growth to a retirement savings company with over $20 billion in assets. One of his first challenges after becoming President of the Company was his very successful oversight of the purchase and renovation of Mutual of America’s headquarters building at 320 Park Avenue in New York City. This decision by the Company’s Board of Directors affirmed the Company’s prominent role in the financial services industry and the confidence the Board had in his ability to lead the Company into the future.

In addition to his remarkable business accomplishments, Tom willingly gave of his time, talents and resources to countless humanitarian and community causes both domestically and throughout the world, and there can be no doubt that thousands of lives were forever changed because of his unmatched generosity.

“While Tom touched so many lives, he was particularly loved by his Mutual of America family,” said John R. Greed, Chairman, President and Chief Executive Officer. “Those of us who were fortunate and blessed to have known and worked closely with him will fondly remember his wisdom, integrity, compassion, caring nature, great sense of humor, limitless energy and an unbound enthusiasm for life that had a contagious effect on everyone he met. He serves as an inspiration for all who knew him. He will be greatly missed. And while we mourn Tom’s passing, we celebrate his remarkable life and are grateful for his immeasurable contributions to Mutual of America. The Company will continue to thrive precisely because of the culture and foundation that he built over so many years of his life.”

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

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.