Mutual of America 2019 Annual Report

HELPING EMPLOYEES ON THE ROAD TO A BRIGHTER FUTURE

Jacob Lentz, Store Director; Mitchell Hernandez, Supervisor; Nataly Calderon Macario, Supervisor; Renee Acevedo, Department Manager

Who's pictured (left to right):Jacob Lentz, Store Director; Mitchell Hernandez, Supervisor; Nataly Calderon Macario, Supervisor; Renee Acevedo, Department Manager

John’s Incredible Pizza is redefining what it means to have an unforgettable dining experience. With 14 restaurants in California and one in Las Vegas, each location combines an all-you-can-eat buffet of made-from-scratch food served in themed dining spaces with rides, games and attractions—all under one roof. The company’s dedication to serving “good food with a good attitude” is reflected in the enthusiasm and can-do attitude of its employees. The company’s commitment to those employees is also reflected in the 401(k) plan it offers to eligible workers.

Retirement may be a distant goal, especially for younger workers just starting out in their careers. However, time and the power of tax-deferred compounding provide a significant advantage to retirement savers, especially when it comes to building financial security for the future. It’s a lesson that Jacob Lentz, Store Director for John’s Incredible Pizza in Buena Park, California, understands well.

“Our plan’s matching contributions are great. When I retire in 30 years, that extra money is going to help fund my plans for the future.”
RENEE ACEVEDO Department Manager, John’s Incredible Pizza Company, Buena Park, CA

“From the time I started working at age 16, my parents encouraged me to set aside a part of my paycheck for retirement,” said Lentz. “That early start has helped me to make good progress toward meeting my goal of retiring at age 67 and enjoying an active, fun-filled retirement with my wife. So too has the fact that the company matches a portion of my 401(k) plan contributions. I want all of my eligible employees to also take advantage of this important benefit.”

“Mutual of America made everything easy, from rolling over prior savings into my John’s Incredible Pizza plan to selecting the right target-date fund for my needs.”
JACOB LENTZ Director, John’s Incredible Pizza Company, Buena Park, CA

To encourage participation, especially among younger workers who may not be focused on retirement, John’s Incredible Pizza auto-enrolls eligible employees at 3%. “Now that I’m participating in the plan, I’m really excited to be saving,” said Mitchell Hernandez, a Supervisor at the Buena Park location. “My retirement may be 40 years away, but I want to be sure I’m ready when it comes. The online resources that Mutual of America provides are helpful. The more I explore them, the more confident I feel about my financial future.”

35%

of American workers are millennials, making them the largest generation in the U.S. labor force.

Source: “Millennials Are the Largest Generation in the U.S. Labor Force,” Pew Research Center, April 11, 2018, https://www.pewresearch.org/fact-tank/2018/04/11/millennials-largest-generation-us-labor-force/

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 1-800-468-3785 or visiting mutualofamerica.com. Read them carefully before investing.

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 options 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.

Statements made in this publication 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.

The Statue of Liberty-Ellis Island Foundation

Greenwood Genetic Center

Wisconsin Community Services

John's Incredible Pizza Company

HELPING EMPLOYEES ON THE ROAD TO A BRIGHTER FUTURE