Now You Can Offer Your Employees the Added Convenience of
Making Their Salary Deferral Elections Online
Choosing to offer Online Salary Deferral Elections will help make plan administration easier. It reduces time-consuming paperwork and
recordkeeping for your staff, allowing you to focus more on your business!
This self-service approach also requires less employee interaction with your administrative staff to review or change elections.
You can choose to offer Online Salary Deferral Elections for both Traditional and Roth contributions, and allow both dollar and
percentage contributions, or only dollar or percentage contributions, as applicable.
Each business day, we will send you an e-mail summarizing all deferral rate changes made by your employees during the previous day. To help
you identify if a change was made during the weekend or a holiday, the e-mail will also include the date such changes were made.
A Deferral Rate Changes Report for payroll administration is also available through Hotline Plus, Mutual of America’s online plan
administration system, which can be accessed conveniently through the internet.
Hotline Plus and Online Salary Deferral Elections make it easier to manage your employees’ deferral rate changes.
Your employees will appreciate the ease and convenience of making their salary deferral elections and changes online instead of with paper forms.
Plus, they will receive immediate e-mail confirmation of their changes.
Your employees will also see important updates and information about:
Maximum elective deferral limits currently allowed for retirement savings plans
Catch-up contributions for employees age 50 and older
Suspensions of contributions due to hardship withdrawals
Advantages and ways to save more and prepare for a more secure retirement
In "My Account" at mutualofamerica.com
your employees can continue to review their elections and contributions, including:
Date and amount of last contribution
Total contributions year-to-date
So, your employees will appreciate their retirement plan even more as a valuable employee benefit!
Contributions by money type (Traditional/Roth and Employee/Employer-Matched)
It's easy to sign up for Salary Deferral Elections online by selecting the Salary Deferral Opt-in link from the Data Exchange
menu on Hotline Plus!
Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract
and the underlying investment funds. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and
. Please read the contract prospectus or brochure and underlying fund prospectuses and summary prospectuses
carefully before investing. The contract prospectus or brochure and underlying fund prospectuses and summary prospectuses can be obtained
by mail or by calling 1-800-468-3785.
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 carefully consider a variable annuity contract's other features before making
Not available for SEP plans.
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