# EDGAR Filing Document

**Accession Number:** 0000743415
**File Stem:** 0001193125-26-006279
**Filing Date:** 2026-1
**Character Count:** 24652
**Document Hash:** 39748b6836c949dbd19d18379f1506d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-006279.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0001193125-26-006279

**CONFORMED SUBMISSION TYPE**: 497VPI

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**EFFECTIVENESS DATE**: 20260107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MUTUAL OF AMERICA SEPARATE ACCOUNT NO 2
- **CENTRAL INDEX KEY:** 0000743415

**ORGANIZATION NAME:**
- **EIN:** 131614399
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPI
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-90201
- **FILM NUMBER:** 26515686

**BUSINESS ADDRESS:**
- **STREET 1:** 320 PARK AVE
- **STREET 2:** C/O MUTUAL OF AMERICA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 2123991600

**MAIL ADDRESS:**
- **STREET 1:** 320 PARK AVE
- **STREET 2:** C/O MUTUAL OF AMERICA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

## Series and Classes Contracts Data

### MUTUAL OF AMERICA SEPARATE ACCOUNT NO 2 (Series ID: S000009413)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000025767 | Individual Retirement Annuity Contracts |  |

Supplement, dated January 7, 2026

to Initial Summary Prospectus, Updating Summary Prospectus and Prospectus,

dated May 1, 2025

Mutual of America Separate Account No. 2

Individual Retirement Annuity (IRA) Contracts

The following supplemental information should be read in conjunction with the Initial Summary Prospectus, Updating Summary Prospectus and Prospectus dated May 1, 2025, as amended, for the Individual Retirement Annuity Contracts (the "IRA Contracts") and the Prospectus dated May 1, 2025, as amended, for the IRA Contracts and Flexible Premium Annuity Contracts (the "FPA Contracts") issued by Mutual of America Life Insurance Company (the "Company") through Mutual of America Separate Account No. 2 (the "Separate Account"). Special terms not defined herein have the meanings ascribed to them in your Prospectus.

**The Prospectus revisions described below apply only to the IRA Contracts, and do not apply to the FPA Contracts.** 

Replace Appendix A: UNDERLYING FUNDS AVAILABLE AS INVESTMENT OPTIONS UNDER THE IRA CONTRACTS with the following:

&nbsp;&nbsp;&nbsp;**APPENDIX A: UNDERLYING FUNDS AVAILABLE AS INVESTMENT OPTIONS UNDER THE CONTRACTS**

The following is a list of Underlying Funds available under the Contracts. More information about the Underlying Funds is available in the prospectuses for the Underlying Funds, which may be amended from time to time and are available on our website mutualofamerica.com/DCFunds or you can request this information at no cost by calling 800.574.9267 or by sending an email to mutualofamerica@dfinsolutions.com.

The current expenses and performance information below reflects fee and expenses of the Underlying Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Underlying Fund's past performance is not necessarily an indication of future performance.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks investment results that correspond to the investment performance of Standard & Poor's 500<sup>®</sup> Composite Stock Price Index (the "S&P 500 Index"\*) | MoA Equity Index Fund<br>Adviser: Mutual of AmericaCapital Management LLC | 0.14% | 24.83% | 14.35% | 12.92% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks to outperform Russell 3000<sup>®</sup> Index\*\* by investing in a diversified portfolio of primarily common stocks | MoA All America Fund<br>Adviser: Mutual of America Capital Management LLC | 0.51% | 19.12% | 11.88% | 10.60% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks capital appreciation | MoA Small Cap Value Fund<br>Adviser: Mutual of America Capital Management LLC | 0.82% | 11.29% | 6.93% | 5.94% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks capital appreciation | MoA Small Cap Growth Fund<br>Adviser: Mutual of America Capital Management LLC | 0.82% | 9.92% | 7.61% | 7.61% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks investment results that correspond to investment performance of S&P SmallCap 600<sup>®</sup> Index\* | MoA Small Cap Equity Index Fund<br>Adviser: Mutual of America Capital Management LLC | 0.16% | 8.55% | 8.12% |  | 6.50%<sup>2</sup> |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks capital appreciation and, to a lesser extent, current income | MoA Mid Cap Value Fund<br>Adviser: Mutual of America Capital Management LLC | 0.69% | 10.78% | 7.85% | 7.47% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks investment results that correspond to investment performance of S&P MidCap 400<sup>®</sup> Index\* | MoA Mid Cap Equity Index Fund<br>Adviser: Mutual of America Capital Management LLC | 0.16% | 13.77% | 10.12% | 9.50% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks capital appreciation | MoA International Fund<br>Adviser: Mutual of America Capital Management LLC | 0.33% | 5.19% | 5.84% | 5.86% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks long-term capital growth | American Century Small Cap Growth Fund (R6 Share Class)<br>Adviser: American Century Investment Management, Inc. | 0.79% | 15.34% | 10.25% | 11.18% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks capital growth | LVIP American Century Capital Appreciation Fund<br>Adviser: Lincoln Financial Investments Corporation<br>SubAdviser: American Century Investment Management, Inc. | 0.57% | 25.37% | 11.80% |  | 12.87%<sup>3</sup> |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks long-term capital appreciation | American Funds Insurance Series New World Fund<br>Adviser: Capital Research and Management Company | 0.57% | 6.86% | 4.80% | 6.49% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks capital appreciation | Macquarie VIP<sup>®</sup> Small Cap Value Series<br>Adviser: Delaware Management Company | 0.74% | 11.32% | 7.15% | 7.60% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks to provide long-term growth of capital | DWS Capital Growth VIP<br>Adviser: DWS Investment Management Americas, Inc. | 0.49% | 26.62% | 15.71% | 14.88% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks reasonable income and will also consider potential for capital appreciation. Fund's goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500<sup>®</sup> Index | Fidelity VIP Equity-Income Portfolio<br>Adviser: Fidelity Management & Research Company LLC (FMR)<br>Subadvisers: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research Japan Limited serve as sub-advisers. | 0.47% | 15.35% | 10.08% | 9.21% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks long-term capital appreciation | Fidelity VIP Contrafund<sup>®</sup> Portfolio<br>Adviser: Fidelity Management & Research Company LLC (FMR)<br>Subadvisers: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research Japan Limited serve as sub-advisers. | 0.56% | 33.79% | 17.04% | 13.62% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks long-term growth of capital | Fidelity VIP Mid Cap Portfolio<br>Adviser: Fidelity Management & Research Company LLC (FMR)<br>Subadvisers: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research Japan Limited serve as sub-advisers. | 0.57% | 17.49% | 11.34% | 9.21% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks long-term growth of capital | Goldman Sachs VIT Small Cap Equity Insights Fund<br>Adviser: Goldman Sachs Asset Management, L.P. | 0.81% | 18.99% | 8.99% | 8.97% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks long-term growth of capital and dividend income | Goldman Sachs VIT US Equity Insights Fund<br>Adviser: Goldman Sachs Asset Management, L.P. | 0.56% | 28.24% | 14.15% | 12.05% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks capital appreciation | Invesco V.I. Main Street Fund<sup>®</sup> <br>Adviser: Invesco Advisers, Inc. | 0.80% | 23.65% | 12.08% | 11.24% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks capital appreciation | MFS<sup>®</sup> VIT III Mid Cap Value Portfolio<br>Adviser: MFS | 0.79% | 13.52% | 9.47% | 8.78% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks long-term growth of capital by investing primarily in securities of companies that meet Fund's environmental, social and governance (ESG) criteria | Neuberger Berman Advisers Management Trust Sustainable Equity Portfolio<br>Adviser: Neuberger Berman Investment Advisers LLC | 0.89% | 25.84% | 13.97% | 11.44% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks to provide long-term capital growth with income as secondary objective | T. Rowe Price Blue Chip Growth Portfolio<br>Adviser: T. Rowe Price Associates, Inc. | 0.74% | 35.51% | 14.46% | 14.77% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks to provide long-term capital appreciation and income | Vanguard Variable Insurance Fund Diversified Value Portfolio<sup>®</sup><br>Advisers: Lazard Asset Management LLC and Hotchkis and Wiley Capital Management, LLC | 0.28% | 14.89% | 12.24% | 9.76% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks to provide long-term capital appreciation | Vanguard Variable Insurance Fund International Portfolio<sup>®</sup><br>Advisers: Baillie Gifford Overseas Ltd. And Schroder Investment Management North America Inc. | 0.31% | 9.01% | 6.27% | 8.40% |  |
| &nbsp;&nbsp;&nbsp; Equity Fund<br>Seeks to provide long-term capital growth | Victory RS Small Cap Growth Equity VIP Series<br>Adviser: Victory Capital Management Inc. | 0.88% | 11.82% | 1.16% | 6.64% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Real Estate Fund<br>Seeks to provide a high level of income and moderate long-term capital appreciation by tracking performance of a benchmark index that measures performance of publicly traded equity REITs and other real estate-related investments | Vanguard Variable Insurance Fund Real Estate Index Portfolio<sup>®</sup><br>Adviser: The Vanguard Group, Inc. | 0.26% | 4.74% | 2.84% | 4.99% |  |
| &nbsp;&nbsp;&nbsp; Fixed Income Fund<br>Seeks current income to extent consistent with maintenance of liquidity, investment quality and stability of capital | MoA US Government Money Market Fund<br>Adviser: Mutual of America Capital Management LLC | 0.23% | 5.09% | 1.67% | 1.06% |  |
| &nbsp;&nbsp;&nbsp; Fixed Income Fund<br>Primary investment objective is to produce a high level of current income with secondary investment objective to preserve shareholders' capital | MoA Intermediate Bond Fund<br>Adviser: Mutual of America Capital Management LLC | 0.47% | 2.79% | 0.50% | 1.47% |  |
| &nbsp;&nbsp;&nbsp; Fixed Income Fund<br>Seeks current income, with preservation of shareholders' capital a secondary objective | MoA Core Bond Fund<br>Adviser: Mutual of America Capital Management LLC | 0.45% | 1.17% | -0.82% | 1.24% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Fixed Income<br>Seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities and corporations, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements | PIMCO Variable Insurance Trust Real Return Portfolio (Institutional Class)<br>Adviser: Pacific Investment Management Company LLC | 0.50% | 2.29% | 2.08% | 2.31% |  |
| &nbsp;&nbsp;&nbsp; Fixed Income Fund<br>Seeks to track the performance of a broad, market-weighted bond index | Vanguard Variable Insurance Fund Total Bond Market Index Portfolio<sup>®</sup><br>Adviser: The Vanguard Group, Inc. | 0.14% | 1.24% | -0.39% | 1.25% |  |
| &nbsp;&nbsp;&nbsp; Balanced Fund<br>Seeks capital appreciation and current income by investing in a diversified portfolio of common stocks, debt securities and money market instruments | MoA Balanced Fund<br>Adviser: Mutual of America Capital Management LLC | 0.56% | 17.56% | 9.13% | 8.26% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Balanced Fund<br>Seeks to obtain high total return with reduced risk over the long term by allocating Fund assets among stocks, bonds, and short-term instruments | Fidelity VIP Asset Manager Portfolio<br>Adviser: Fidelity Management & Research Company LLC (FMR)<br>Subadvisers: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research Japan Limited serve as sub-advisers. | 0.52% | 8.50% | 5.65% | 5.66% |  |
| &nbsp;&nbsp;&nbsp; Balanced Fund<br>Seeks to achieve competitive total return through actively managed portfolio of stocks, bonds, and money market instruments which offer income and capital growth opportunity | Calvert VP SRI Balanced Portfolio<br>Adviser: Calvert Research and Management | 0.64% | 19.61% | 9.41% | 8.41% |  |
| &nbsp;&nbsp;&nbsp; Balanced Fund<br>Seeks current income and, to a lesser extent, capital appreciation | MoA Conservative Allocation Fund<br>Adviser: Mutual of America Capital Management LLC | 0.48% | 8.09% | 4.42% | 4.96% |  |
| &nbsp;&nbsp;&nbsp; Balanced Fund<br>Seeks capital appreciation and current income | MoA Moderate Allocation Fund<br>Adviser: Mutual of America Capital Management LLC | 0.35% | 11.27% | 7.11% | 7.11% |  |
| &nbsp;&nbsp;&nbsp; Balanced Fund<br>Seeks capital appreciation and, to a lesser extent, current income | MoA Aggressive Allocation Fund<br>Adviser: Mutual of America Capital Management LLC | 0.36% | 13.22% | 8.63% | 8.30% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income consistent with preservation of capital and, to a lesser extent, capital appreciation | MoA Retirement Income Fund<br>Adviser: Mutual of America Capital Management LLC | 0.54% | 7.21% | 3.55% | 4.21% |  |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2020 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.48% | 8.10% | 4.76% | 5.72% |  |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2025 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.45% | 9.70% | 5.94% | 6.61% |  |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2030 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.43% | 11.16% | 7.24% | 7.51% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2035 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.40% | 13.05% | 8.31% | 8.28% |  |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2040 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.37% | 14.35% | 9.34% | 8.85% |  |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2045 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.36% | 14.90% | 9.68% | 8.99% |  |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2050 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.36% | 15.39% | 9.81% | 9.08% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Type/Investment<br>Objective** | **Underlying Fund and<br>Adviser** | **Current<br>Expenses<sup>1</sup>** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** | **Average Annual Total Returns as of<br>12/31/24** |
|  |  |  | **1 year** | **5 year** | **10 year** | **Life of<br>Fund** |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2055 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.37% | 15.66% | 10.05% |  | <sup></sup>10.29%<sup>4</sup> |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2060 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.39% | 15.73% | 10.25% |  | 9.58%<sup>5</sup> |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2065 Fund<br>Adviser: Mutual of America Capital Management LLC | 0.50% | 16.01% |  |  | <sup></sup>12.76%<sup>6</sup> |
| &nbsp;&nbsp;&nbsp; Balanced Funds<br>Seeks current income and capital appreciation appropriate for asset allocation associated with Fund's approximate year of retirement which is included in its name | MoA Clear Passage 2070 Fund<sup>7</sup> <br>Adviser: Mutual of America Capital Management LLC | 0.36% |  |  |  |  |

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\* "Standard & Poor's," "S&P," "S&P 500", "S&P MidCap 400" and "S&P SmallCap 600" are trademarks of Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and have been licensed for use by Mutual of America Investment Corporation's Adviser. Standard & Poor's does not sponsor, endorse, sell or promote the Equity Index Fund, Small Cap Equity Index Fund or Mid-Cap Equity Index Fund. It has no obligation or liability for the sale or operation of the Funds and makes no representations as to the advisability of investing in the Funds. 

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|:---|:---|
| 1 | The reported expense ratio for the following funds is net of fee waivers that may not continue: all MoA Funds, American Funds Insurance Series New World Fund, all Goldman Sachs VIT Funds, Invesco V.I. Main Street Fund, T. Rowe Price Blue Chip Growth Portfolio and Victory RS Small Cap Growth Equity VIP Series. Refer to the prospectuses of the Underlying Funds for more information.  |

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2 Since inception date July 2, 2018.

3 Since inception date September 22, 2017.

4 Since inception date October 1, 2016.

5 Since inception date July 2, 2018.

6 Since inception date August 3, 2020.

7 Since inception date May 1, 2025.

**This Supplement Should Be Retained With Your Prospectus For Future Reference.**