# EDGAR Filing Document

**Accession Number:** 0000743415
**File Stem:** 0001193125-26-181052
**Filing Date:** 2026-4
**Character Count:** 18568
**Document Hash:** 92ba7b3b152ee588a0c2ad853664e2b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-181052.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-181052

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260427

**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:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-221999
- **FILM NUMBER:** 26898845

**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   |
|:---|:---|:---|
| C000198744 | Tax-Deferred Annuity Plan, Voluntary Employee Contribution Contracts |  |

**UPDATING SUMMARY PROSPECTUS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**VOLUNTARY EMPLOYEE CONTRIBUTION CONTRACTS** <br>**VARIABLE ACCUMULATION ANNUITY CONTRACTS** <br>**(VEC CONTRACTS)**

Issued By <br>**MUTUAL OF AMERICA LIFE INSURANCE COMPANY** <br>320 Park Avenue, New York, New York 10022-6839 <br>Through its <br>**MUTUAL OF AMERICA SEPARATE ACCOUNT NO. 2**

We no longer offer our group Voluntary Employee Contribution ("VEC") Contract.

You may allocate your Account Value to any of the subaccounts of Mutual of America Separate Account No. 2 or to our General Account, unless your employer's Plan (if any) restricts allocations. You may transfer all or any part of your Account Value among the available Investment Alternatives at any time, without charge. The Subaccounts of the Separate Account invest in funds or portfolios of mutual funds, which currently are set forth and described in Appendix A to this Summary Prospectus.

The Contract is a complex investment and involves risks, including potential loss of principal.

The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in taxes and tax penalties, as applicable.

Mutual of America Life Insurance Company's obligations under the Contract are subject to its financial strength and claims-paying ability.

The Prospectus for the Contract contains more information about the Contract, including its features, benefits, and risks. You can find the Prospectus and other information about the Contract online at https://dfinview.com/mutualofamerica/tadf/VEC/AP. You can also obtain this information at no cost by calling 800.574.9267 or by sending an e-mail request to mutualofamerica@dfinsolutions.com.

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

**The SEC has not approved or disapproved these securities or passed upon the adequacy of this Summary Prospectus. Any representation to the contrary is a criminal offense.**

**Dated: May 1, 2026**

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**TABLE OF CONTENTS**

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| | |
|:---|:---|
|  | **Page** |
| **[Definitions We Use in this Summary Prospectus](#xx_75267d32-473a-4fb2-975d-dd64caed8a54_1)** | 2  |
| **[Important Information You Should Consider About the](#xx_035d457d-105b-4199-bf47-130cefd79b14_1)**<br> **[VEC Contract](#xx_035d457d-105b-4199-bf47-130cefd79b14_1)**<br>| 4  |
| **[Appendix A: Underlying Funds Available as Investment Options Under The VEC Contracts](#xx_1be8b8e5-6683-4ed0-bcc5-606edbdbac48_1)** | A-1 |

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**Definitions We Use in this Summary Prospectus**

***Account Value***—The value of a Participant's Accumulation Units in the Subaccounts plus the value of amounts held in the General Account for the Participant, during the Accumulation Period. Depending on its use in this Summary Prospectus, the term "Account Value" may mean all or any part of your total Account Value.

***Accumulation Period***—For a Participant, the period under a Contract when Contributions are made or held for the Participant. The Accumulation Period ends at the Annuity Commencement Date, or the date the Participant withdraws the Account Value in full before the Annuity Commencement Date.

***Accumulation Unit***—A measure we use to calculate the value of a Participant's interest in each of the Subaccounts. Each Subaccount has its own Accumulation Unit value.

***Annuitant***—A person who is receiving Annuity Payments or who will receive Annuity Payments after the Annuity Commencement Date. You must be the Annuitant, and the Annuitant cannot be changed; and a Beneficiary who has elected to receive a death benefit in the form of an annuity shall be the Annuitant. You or a Beneficiary also may name a joint Annuitant, except that some Plans require the consent of your Eligible Spouse if your Eligible Spouse is not the joint Annuitant. We use the life expectancy of the Annuitant and joint annuitant, if any, as a factor in determining the amount of monthly Annuity Payments for annuities with a life contingency.

***Annuity Commencement Date***—The date Annuity Payments become payable under a Contract or become payable as the death benefit for a Beneficiary. A Participant, or a Beneficiary entitled to a death benefit, selects the Annuity Commencement Date, or the Annuity Commencement Date may be imposed under federal tax law provisions in certain circumstances. On the Annuity Commencement Date, all of your Account Value is used to provide Annuity Payments. Annuity Commencement Date is sometimes referred to as "Benefit Commencement Date" in a Contract.

***Annuity Payments***—A series of equal monthly payments from us. The amount of the Annuity Payments will depend on your Account Value on the Annuity Commencement Date and the form of annuity selected. The Annuity Payments may be for the Annuitant's life, for a minimum period of time, for the joint lifetime of the Annuitant and the Annuitant's joint Annuitant, or for such other specified period as we may permit.

***Beneficiary(ies)***— The person(s) named by a Participant to receive (1) during the Accumulation Period, the death benefit under the Contract if the Participant dies, or (2) after the Annuity Commencement Date, any remaining Annuity Payments (or their Commuted Value) upon the death of the Annuitant and joint Annuitant, if any.

***Code***—The Internal Revenue Code of 1986, as amended. Depending on the context, the term Code includes the regulations adopted by the Internal Revenue Service for the Code section being discussed.

***Commuted Value***—The present value of annuity payments due under an income option or method of payment not based on life contingencies.

***Complete Order***—An order is considered to be complete when all of the requirements for the completion of a transaction have been met. This includes receipt by the Company of all information, remittances and notices necessary to process the given transaction. The Company will inform you of the documents required for your transaction.

***Contract(s)***—One (or more) of the group variable accumulation annuity contracts described in this Summary Prospectus.

***Contractholder***—An entity to which we have issued a Contract. The Contractholder may be an employer, or an association representing employers or employees.

***Contributions***—Amounts contributed from time to time under a Contract during the Accumulation Period.

***eDocuments***—A feature that offers Participants a way to electronically receive communications and reports, such as quarterly statements, prospectuses (including summary prospectuses), and underlying fund and separate account annual and semi-annual reports. When such documents are available, an email notice is

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sent to the eDocuments subscriber informing him or her of such availability on the secure "My Account" website maintained by the Company. Participants enroll by consenting to receive through eDocuments all of the documents that we deliver electronically, and are provided instructions on revocation of the consent, including the ability to revoke it immediately by calling a specified toll-free number. Revocation of consent applies to all documents provided through the eDocuments program. You can sign up for eDocuments by completing the Consent Agreement located on our website and indicating your consent to receive documents through the Mutual of America website.

***Eligible Spouse***—Unless otherwise specified, the person to whom a Participant or Annuitant is legally married in a marriage recognized under federal law.

***Employer***—An organization that established a Plan and that may be named in the Contract.

***General Account (or Interest Accumulation Account)—***Assets we own that are not in a separate account, but rather are held as part of our general assets. We sometimes refer to the General Account as the Interest Accumulation Account because amounts you allocate to the General Account earn interest at a fixed rate which we change from time to time.

***Investment Alternatives***—Our General Account and the Subaccounts. You may allocate your Contributions and transfer your Account Value among the Investment Alternatives, subject to any limitations under a Plan.

***Joint Annuitant***—An additional person (usually the Eligible Spouse) whose life expectancy is taken into account for a life annuity and who will receive Annuity Payments upon the death of the Annuitant in accordance with the form of annuity selected. A joint annuitant may be designated by the Participant at any time before the Annuity Commencement Date.

***Participant***—Under a TDA Contract, an employee or former employee for whom we have received Contributions under a Plan.

***Plan***—For some TDA Contracts, a retirement plan adopted by an employer for which a Contract has been purchased to provide benefits.

***Separate Account***—Mutual of America Separate Account No. 2, a separate account we established to receive and invest deposits made under variable accumulation annuity contracts. The assets of the Separate Account are set aside and kept separate from our other assets.

***Subaccount***—A division of the Separate Account which invests its assets exclusively in a corresponding Underlying Fund of the same name.

***Underlying Funds***—The funds or portfolios that are invested in by the Subaccounts.

***We, us, our, Company or Mutual of America***—Refers to Mutual of America Life Insurance Company.

***You, or your***—Refers to a Participant.

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**Important Information You Should Consider About the** <br>**VEC** [**Contract**](#bookmark_con_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f)

**FEES AND EXPENSES** **LOCATION IN** **PROSPECTUS** 

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**FEES AND EXPENSES** **LOCATION IN** **PROSPECTUS** 

**RISKS** **LOCATION IN** **PROSPECTUS** 

**RESTRICTIONS** **LOCATION IN** **PROSPECTUS** 

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| | | |
|:---|:---|:---|
|  | **RESTRICTIONS** | &nbsp;&nbsp; **LOCATION IN** <br> **PROSPECTUS**<br>|
| **Are There any** <br> **Restrictions on** <br> **Contract** <br> **Benefits?**<br>| NA |  |
|  | **TAXES** | &nbsp;&nbsp; **LOCATION IN** <br> **PROSPECTUS**<br>|
| **What are the** <br> **Contract's Tax** <br> **Implications?**<br>| &nbsp;&nbsp; [You](#bookmark_you_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) should consult with a tax professional to determine the tax <br> implications of an investment in and [Contributions](#bookmark_contrib_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) made under <br> the [Contract](#bookmark_con_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f).<br> Because the [Contract](#bookmark_con_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) is purchased through a tax-qualified plan, <br> there are no additional tax benefits to the Contract.<br> Withdrawals will be subject to ordinary income tax, and may be <br> subject to tax penalties. | [Taxes](#bookmark_taxes_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) |
|  | **CONFLICTS OF INTEREST** | &nbsp;&nbsp; **LOCATION IN** <br> **PROSPECTUS**<br>|
| **How Are** <br> **Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Mutual of America no longer offers the Contract for sale to new <br> investors. | &nbsp;&nbsp; [Purchases and](#bookmark_purchases_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f)<br> [Contract Value](#bookmark_purchases_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f)<br>|
| **Should I** <br> **Exchange My** <br> **Contract?**<br>| &nbsp;&nbsp; The Contract is not offered for sale by investment professionals <br> to new investors.<br> Because the Contracts are no longer sold, you would not be <br> affected by a scenario in which you are asked to replace an <br> existing annuity contract you own with a new purchase of these <br> Contracts. In general, you should be aware that some investment <br> professionals may have a financial incentive to offer you a new <br> contract in place of the Contract you already own. Thus, in <br> general, you should only exchange your Contract if you <br> determine, after comparing the features, fees, and risks of both <br> contracts, that it is preferable for you to purchase the new <br> contract rather than continue to own the existing Contract. | &nbsp;&nbsp; Purchases and <br> Contract Value<br>|

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**Appendix A: Underlying Funds Available as Investment Options Under The VEC Contracts**

The following is a list of [Underlying Funds](#bookmark_uf_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) available under the [Contracts](#bookmark_con_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f). More information about the [Underlying Funds](#bookmark_uf_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) is available in the prospectuses for the [Underlying Funds](#bookmark_uf_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f), which may be amended from time to time and are available on our website mutualofamerica.com/VECFunds 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](#bookmark_uf_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f), but do not reflect the other fees and expenses that your [Contract](#bookmark_con_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) may charge. Expenses would be higher and performance would be lower if these other charges were included. Each [Underlying Fund's](#bookmark_uf_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective**<br>| [**Underlying Fund**](#bookmark_uf_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) **and**<br> **Adviser/Subadviser**<br>| **Current** <br> **Expenses**<br>| **Average Annual Total** <br> **Returns as of 12/31/25** | **Average Annual Total** <br> **Returns as of 12/31/25** | **Average Annual Total** <br> **Returns as of 12/31/25** |
|  |  |  | **1 year** | **5 year** | **10 year** |
| Equity Fund <br> Seeks to outperform <br> Russell 3000<sup>®</sup> Index\*\* <br> by investing in a <br> diversified portfolio of <br> primarily common <br> stocks<br>| [MoA](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) All America Fund <br> Adviser: [Mutual of America](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) Capital <br> Management LLC<br>| 0.55% | 11.96% | 10.91% | 11.87% |
| Fixed Income Fund <br> Seeks current income <br> to extent consistent <br> with maintenance of <br> liquidity, investment <br> quality and stability of <br> capital<br>| [MoA](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) US Government Money Market <br> Fund <br> Adviser: [Mutual of America](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) Capital <br> Management LLC<br>| 0.23% | 4.15% | 3.06% | 1.96% |
| Fixed Income Fund <br> Seeks current income, <br> with preservation of <br> shareholders' capital a <br> secondary objective<br>| [MoA](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f)Core Bond Fund<br> Adviser: [Mutual of America](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) Capital <br> Management LLC<br>| 0.45% | 7.58% | -0.56% | 1.92% |
| Balanced Fund <br> Seeks capital <br> appreciation and <br> current income by <br> investing in a <br> diversified portfolio of <br> common stocks, debt <br> securities and money <br> market instruments<br>| [MoA](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) Balanced Fund <br> Adviser: [Mutual of America](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) Capital <br> Management LLC<br>| 0.57% | 18.82% | 10.50% | 10.04% |

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**Mutual of America Separate Account No. 2**

**320 Park Avenue, New York, New York 10022-6839**

[**You**](#bookmark_you_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) **May Obtain More Information**

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The Statement of Additional Information (the "SAI") dated May 1, 2026 contains additional information about this Contract, the Separate Account, and our operations. The SAI has been filed with the SEC and is incorporated by reference into this Prospectus. The SAI is available, without charge, upon request. You may obtain a free copy of the SAI, request other information about the Contracts, or make investor inquiries, by writing to Mutual of America at 320 Park Avenue, New York, NY 10022-6839, or calling us at 800.574.9267.

You may also obtain the Prospectus, SAI and other information free of charge through the Mutual of America Life Insurance Company website at http://www.mutualofamerica.com.

The SEC has a website at http://www.sec.gov. Reports and other information about Separate Account No. 2 are available through that SEC website. You also may obtain copies of reports and other information about the Separate Account, upon your payment of a duplicating fee, by electronic request at this e-mail address: publicinfo@sec.gov.

*Investment* [*Company*](#bookmark_comp_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) *Act of 1940 File Number 811-03996* <br>*Securities Act of 1933 Registration Number 333-221999*

EDGAR [Contract](#bookmark_con_cd8f592c-9f56-4bab-bfd5-4cdedfbf104f) identifier C000198744.

**Prospectus dated May 1, 2026**

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