Mutual of America's annual Separate Account fees on FPA Separate Account balances have been reduced from 1.20% to 0.90%.
In addition, the underlying funds incur annual expenses (including management fees and other expenses) that range from 0.16% to 0.99%.
Total FPA account balance for FPA contracts is determined by aggregating all amounts in the Interest Accumulation Account
and in the Separate Account investment funds under each FPA contract separately. FPA contracts are not aggregated with other FPA or
IRA contracts owned by the same person. Interest rate applies only to balances allocated to the Interest Accumulation Account.
We guarantee that we will credit interest for the life of the contract to amounts in the Interest Accumulation Account of
our General Account at a rate at least equal to the greater of (1) any contractual minimum guarantee provided by the contract or (2)
the minimum rate required by applicable state law or, if no state law minimum rate is applicable to a contract, the guaranteed minimum
credited interest rate will be set pursuant to National Association of Insurance Commissioners (NAIC) standard nonforfeiture law. The
NAIC minimum rate is determined in accordance with a formula, and cannot be less than 1.00% or more than 3.00% in any event. We
determine whether the application of the formula will change the minimum guaranteed rate each November, and any change is effective
the following January 1 for that calendar year. The current minimum rate has been set at 1.00% in accordance with this formula. In
addition, Mutual of America may credit interest to your contract amounts in the General Account at a higher rate that we declare
from time to time and which may increase or decrease at our sole discretion, although we are not obligated to credit interest in
excess of the minimum guaranteed rate. If you have an existing contract, you should refer to it before making a decision because it may
have a guaranteed minimum rate in excess of the formula described above and the advertised declared rate. We compound interest daily
on your contract amounts in the General Account to produce an effective annual yield that is equal to the stated interest rate.
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.
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.
Morningstar, Inc., is an independent financial publisher of investment data and analysis. See
for more information about our
Morningstar ratings. Past performance is no guarantee of future results. For comparative purposes, the number of funds rated by
Morningstar in the following categories for the stated periods were for Target Date Retirement, 46 funds/overall, 3-year and 5-year;
Target Date 2000–2010, 164 funds/overall and 3-year, 157 5-year; Target Date 2015, 114 funds/overall and 3-year, 112 5-year; Target
Date 2020, 192 funds/overall and 3-year, 185 5-year; Target Date 2025, 76 funds/overall and 3-year, 75 5-year; Target Date 2030,
151 funds/overall and 3-year, 144 5-year; Target Date 2035, 34 funds/overall and 3-year, 32 5-year; Target Date 2040, 56 funds/overall
and 3-year, 55 5-year; Target Date 2045, 22 funds/overall and 3-year, 21 5-year; Target Date 2050, 15 funds/overall and 3-year,
n/a 5-year. Morningstar compares each of the Separate Account investment alternatives to their universe of separate account investment
funds offered in registered individual annuities from other insurance companies (net of Separate Account and underlying fund fees and
expenses). The Morningstar category for each Fund is determined solely by Morningstar in order to rate funds with similar investment
styles. Although Morningstar data is gathered from reliable sources, neither Morningstar nor Mutual of America can guarantee its
completeness or accuracy. © 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to
Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete
or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this
information. Please consult the contract prospectus and the underlying funds prospectuses for information on expense reimbursements
and voluntary expense limitations, which, if not made, might have affected these star ratings. You may obtain investment performance
information on these Funds by visiting
or by calling 1-800-468-3785.
STAR RATING KEY
The Morningstar Rating™ for funds, commonly called the star rating, is a measure of a fund's risk-adjusted return, relative to
funds in its category. For each Separate Account investment fund ("Fund") with at least a three-year history, Morningstar® calculates
a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a Fund's monthly
performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category
receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10%
receive 1 star. The Overall Morningstar Rating™ for a Fund is derived from a weighted average of the performance figures
associated with its three, five- and ten-year (if applicable) Morningstar metrics.
Form FPA-2002 or applicable state variation