401(a) Profit-Sharing Plan
401(a) plan

Mutual of America provides services for 401(a) Profit-Sharing retirement plans to governmental, for-profit and not-for-profit employers.


Mutual of America offers services to 401(a) Profit-Sharing plans, also called discretionary plans, which are similar to a money purchase pension plans 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.


We provide outstanding administrative services, which include:

  • Plan document, amendments, restatements and Summary Plan Description/Highlight booklets
  • 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
  • Employer contributions are tax deductible up to certain statutory limits.
  • Helps recruit and keep quality employees
  • Helps employees build retirement security

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