Mutual of America 2018 Annual Report – In Memoriam William J. Flynn

In Memoriam

William J. Flynn, 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 William J. Flynn, Chairman Emeritus of Mutual of America, who died on June 2, 2018.

An innovative leader with boundless energy, Mr. Flynn transformed Mutual of America from a small retirement association to become one of the most highly rated and respected financial services companies in the nation. As a result of his outstanding leadership, Mutual of America is known throughout the world for its willingness to address important issues, both domestically and internationally.

“Bill Flynn was the consummate professional and an outstanding executive, a dedicated and compassionate humanitarian, an innovative leader and a gentleman who touched the lives of countless individuals both in the United States and abroad,” said John R. Greed, Chairman, President and Chief Executive Officer. “We who were privileged to have known him will gratefully remember his wise counsel, exceptional insights, high ethical standards, moral courage, and most especially, his friendship. He will be greatly missed.”

Mr. Flynn joined Mutual of America as President in 1971. The following year, he was appointed President and Chief Executive Officer, and in February 1982, Chairman of the Board, President and Chief Executive Officer. He retired from Mutual of America in 1994 but continued to serve as Board Chairman until 2005, when he retired from the Board and was awarded the honorary title of Chairman Emeritus. Mr. Flynn had an exceptional career and played a significant role in Mutual of America’s success over many decades. His many years of dedicated service to Mutual of America were distinguished by his visionary leadership and driven by his unwavering belief in Mutual of America’s mission to help those who dedicate their lives to helping others.

Mr. Flynn was involved with numerous philanthropic organizations, and on the world stage, he played a critical role in bringing peace to Ireland. His personal commitment to addressing social issues is well known and admired, and he was honored by secular, political and religious entities alike, both within the United States and abroad.

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.