401(a) Profit-Sharing Plan
401 a plan Mutual of America makes available 401(a) Profit-Sharing retirement plans to governmental, for-profit and not-for-profit employers.
Funding
Mutual of America's 401(a) Profit-Sharing plan, also called a discretionary plan, is similar to a money purchase pension plan 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.
Services
We provide outstanding administrative services, which include:
Plan document, amendments, restatements and Summary Plan Description/Highlight booklets (depending on the service arrangement that you choose).
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
Deduct your contributions from taxes, if applicable, as a business expense.
Helps recruit and keep quality employees.
Helps employees build retirement security.

Request More Information

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

401(k)

403(b) Thrift

Section 457 Deferred Compensation

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