# EDGAR Filing Document

**Accession Number:** 0000743415
**File Stem:** 0001193125-26-181054
**Filing Date:** 2026-4
**Character Count:** 62925
**Document Hash:** f1d058574978a21b0391ae2bd3a23f30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-181054.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-181054

**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:** 033-05609
- **FILM NUMBER:** 26898848

**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   |
|:---|:---|:---|
| C000025765 | Section 457 Contract |  |

**UPDATING SUMMARY PROSPECTUS**

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

**457 CONTRACTS—** <br> **VARIABLE ACCUMULATION ANNUITY CONTRACTS** <br> **FOR SECTION 457 PLANS**

Issued By

**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 offer group variable accumulation annuity contracts to fund certain deferred compensation plans that meet the requirements of Section 457(b) of the Code. The Contracts are only available to employers who sponsor a Plan and not to individuals. The Contract is issued to the Employer sponsoring the Plan, to the Employer's agent for purposes of administering its Plan or to the trustee of the Plan, and the entity to which the Contract is issued is referred to in this Prospectus as "Contractholder".

You, as a Participant***,*** or as an employee participating in an employer's Plan can make Deferred Compensation Amounts, which are:

&nbsp;&nbsp;&nbsp;&nbsp;● amounts the Contractholder (or your employer) contributes on your behalf from salary that you have elected to defer, within the limits of Section 457 and the Plan, and

&nbsp;&nbsp;&nbsp;&nbsp;● if a Plan permits, amounts your employer contributes on your behalf that are in addition to the salary you have deferred.

A Contract can help you accumulate funds for retirement and other long-term financial needs. You may apply your Account Value for retirement benefits at a future date, in the manner your Plan permits.

You may allocate your Account Value to any of the subaccounts of Mutual of America Separate Account No. 2 or to our General Account. 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 currently invest in these funds or portfolios of mutual funds, which 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/457/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.

**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**

------

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **Page** |
| **[Definitions We Use in this Summary Prospectus](#xx_466123a9-3da4-41b6-939f-ba5b13502846_1)** | 2  |
| **[Updated Information About Your Contract](#xx_3ac45c63-5012-4315-a79c-8be4b5ac67af_1)** | 4  |
| **[Important Information You Should Consider About the Contract](#xx_3ac45c63-5012-4315-a79c-8be4b5ac67af_1)** | 4  |
| **[Appendix A: Underlying Funds Available As Investment Options Under the Contracts](#xx_dc287a21-0d12-42b9-a028-4bfac343dac1_1)** | A-1 |

---

------

**Definitions We Use in this Summary Prospectus**

***Account Value—***The value of a [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92)'s [Accumulation Unit](#bookmark_au_714b2431-c489-41da-a3e0-a99f98b49c92)s in the [Subaccount](#bookmark_sub_714b2431-c489-41da-a3e0-a99f98b49c92)s plus the value of amounts held in the [General Account](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92) for the [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92), during the [Accumulation Period](#bookmark_ap_714b2431-c489-41da-a3e0-a99f98b49c92). As used in this Summary Prospectus, the term "[Account Value](#bookmark_av_714b2431-c489-41da-a3e0-a99f98b49c92)" may mean all or any part of your total [Account Value](#bookmark_av_714b2431-c489-41da-a3e0-a99f98b49c92).

***Accumulation Period***—For a [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92), the period under a [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) when [Deferred Compensation Amounts](#bookmark_dca_714b2431-c489-41da-a3e0-a99f98b49c92)are made on behalf of a [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92). The [Accumulation Period](#bookmark_ap_714b2431-c489-41da-a3e0-a99f98b49c92) ends at the [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92), or the date the [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92) withdraws the [Account Value](#bookmark_av_714b2431-c489-41da-a3e0-a99f98b49c92) in full before the [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92).

***Accumulation Unit***—A measure we use to calculate the value of a [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92)'s interest in each of the [Subaccount](#bookmark_sub_714b2431-c489-41da-a3e0-a99f98b49c92)s. Each [Subaccount](#bookmark_sub_714b2431-c489-41da-a3e0-a99f98b49c92) has its own [Accumulation Unit](#bookmark_au_714b2431-c489-41da-a3e0-a99f98b49c92) value.

***Annuitant***—A person who is receiving [Annuity Payments](#bookmark_annp_714b2431-c489-41da-a3e0-a99f98b49c92) or who will receive [Annuity Payments](#bookmark_annp_714b2431-c489-41da-a3e0-a99f98b49c92) after the [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92), if the [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92) permits [Annuity Payments](#bookmark_annp_714b2431-c489-41da-a3e0-a99f98b49c92). A [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92) must be the [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92)under a [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92), and the [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92) cannot be changed, and a [Beneficiary](#bookmark_ben_714b2431-c489-41da-a3e0-a99f98b49c92) who has elected to receive a death benefit in the form of an annuity may be the [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92) or name another person as the [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92). [You](#bookmark_you_714b2431-c489-41da-a3e0-a99f98b49c92) or a [Beneficiary](#bookmark_ben_714b2431-c489-41da-a3e0-a99f98b49c92) also may name a joint [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92). We use the life expectancy of the [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92)(s) as a factor in determining the amount of monthly [Annuity Payments](#bookmark_annp_714b2431-c489-41da-a3e0-a99f98b49c92) for annuities with a life contingency.

***Annuity Commencement Date***—The date [Annuity Payments](#bookmark_annp_714b2431-c489-41da-a3e0-a99f98b49c92) become payable under a [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) or become payable as the death benefit for a [Beneficiary](#bookmark_ben_714b2431-c489-41da-a3e0-a99f98b49c92). [You](#bookmark_you_714b2431-c489-41da-a3e0-a99f98b49c92) (or the [Beneficiary](#bookmark_ben_714b2431-c489-41da-a3e0-a99f98b49c92) entitled to a death benefit) select the [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92), or the [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92) may be imposed under federal tax law provisions in certain circumstances. On the [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92), your [Account Value](#bookmark_av_714b2431-c489-41da-a3e0-a99f98b49c92) is applied to provide [Annuity Payments](#bookmark_annp_714b2431-c489-41da-a3e0-a99f98b49c92). [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92) is sometimes referred to as "Benefit Commencement Date" in a [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92).

***Annuity Payments****—*A series of equal monthly payments from us to an [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92). The amount of the Annuity Payment will depend on your [Account Value](#bookmark_av_714b2431-c489-41da-a3e0-a99f98b49c92) on the [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92) and the form of annuity selected. The [Annuity Payments](#bookmark_annp_714b2431-c489-41da-a3e0-a99f98b49c92) may be for the [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92)'s life, for a minimum period of time, for the joint lifetime of the [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92) and the joint [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92), or for such other specified period as we may permit.

***Beneficiary(ies)****—*The person(s) named by a [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92) to receive (1) during the [Accumulation Period](#bookmark_ap_714b2431-c489-41da-a3e0-a99f98b49c92), the death benefit under the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) if the [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92) dies, or (2) after the [Annuity Commencement Date](#bookmark_acd_714b2431-c489-41da-a3e0-a99f98b49c92), any remaining [Annuity Payments](#bookmark_annp_714b2431-c489-41da-a3e0-a99f98b49c92) (or their [Commuted Value](#bookmark_cv_714b2431-c489-41da-a3e0-a99f98b49c92)) if the [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92) dies and the joint [Annuitant](#bookmark_ann_714b2431-c489-41da-a3e0-a99f98b49c92), if any, dies.

***Code***—The Internal Revenue [Code](#bookmark_code_714b2431-c489-41da-a3e0-a99f98b49c92) of 1986, as amended. Depending on the context, the term [Code](#bookmark_code_714b2431-c489-41da-a3e0-a99f98b49c92) includes the regulations adopted by the Internal Revenue Service for the [Code](#bookmark_code_714b2431-c489-41da-a3e0-a99f98b49c92) 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.

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

***Contractholder—***For purposes of this Summary Prospectus, the [Contractholder](#bookmark_conh_714b2431-c489-41da-a3e0-a99f98b49c92) will be a [Governmental Unit](#bookmark_gu_714b2431-c489-41da-a3e0-a99f98b49c92)to which we have issued a [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92), its agent or its trustee of a trust established under a [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92).

***Deferred Compensation Amounts (or Amounts)—***Amounts deferred from a [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92)'s compensation under a [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92) and sent to us on the [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92)'s behalf and amounts the [Contractholder](#bookmark_conh_714b2431-c489-41da-a3e0-a99f98b49c92) or employer sends on behalf of the [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92) in addition to the [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92)'s deferrals of salary.

***Designated Roth Account—***An account maintained for [Designated Roth Contributions](#bookmark_drc_714b2431-c489-41da-a3e0-a99f98b49c92) and earnings (or losses) attributable to [Designated Roth Contributions](#bookmark_drc_714b2431-c489-41da-a3e0-a99f98b49c92). This term, depending on the context in which it is used, includes [Designated Roth Rollover Account](#bookmark_drra_714b2431-c489-41da-a3e0-a99f98b49c92)s.

***Designated Roth Contributions—*** [Deferred Compensation Amounts](#bookmark_dca_714b2431-c489-41da-a3e0-a99f98b49c92) irrevocably designated as [Designated](#bookmark_drc_714b2431-c489-41da-a3e0-a99f98b49c92)[Roth Contributions](#bookmark_drc_714b2431-c489-41da-a3e0-a99f98b49c92) described in Section 402A of the [Code](#bookmark_code_714b2431-c489-41da-a3e0-a99f98b49c92).

------

***Designated Roth Rollover Account—***An account maintained for rollover [Designated Roth Contributions](#bookmark_drc_714b2431-c489-41da-a3e0-a99f98b49c92) and earnings (or losses) attributable to rollover [Designated Roth Contributions](#bookmark_drc_714b2431-c489-41da-a3e0-a99f98b49c92).

***eDocuments—***A feature that offers [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92)s 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 sent to the [eDocuments](#bookmark_edoc_714b2431-c489-41da-a3e0-a99f98b49c92) subscriber informing him or her of such availability on the secure "My Account" website maintained by the [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92). [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92)s enroll by consenting to receive through [eDocuments](#bookmark_edoc_714b2431-c489-41da-a3e0-a99f98b49c92) 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](#bookmark_edoc_714b2431-c489-41da-a3e0-a99f98b49c92) program. [You](#bookmark_you_714b2431-c489-41da-a3e0-a99f98b49c92) can sign up for [eDocuments](#bookmark_edoc_714b2431-c489-41da-a3e0-a99f98b49c92) by completing the Consent Agreement located on our website and indicating your consent to receive documents through the [Mutual of America Life](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) website.

***Employer—***A [Governmental Unit](#bookmark_gu_714b2431-c489-41da-a3e0-a99f98b49c92) or other organization exempt from federal income taxation under the [Code](#bookmark_code_714b2431-c489-41da-a3e0-a99f98b49c92)(except a church, as defined in the [Code](#bookmark_code_714b2431-c489-41da-a3e0-a99f98b49c92)) that established a [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92). This term is not always capitalized.

***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](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92) as the [Interest](#bookmark_iaa_714b2431-c489-41da-a3e0-a99f98b49c92)[Accumulation Account](#bookmark_iaa_714b2431-c489-41da-a3e0-a99f98b49c92)because amounts you allocate to the [General Account](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92) earn interest at a fixed rate that we change from time to time.

***Governmental Unit—***A state, a political subdivision of a state, an agency or instrumentality of a state, or an agency or instrumentality of a political subdivision of a state.

***Investment Alternatives—***The [General Account](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92) and the [Subaccount](#bookmark_sub_714b2431-c489-41da-a3e0-a99f98b49c92)s. [You](#bookmark_you_714b2431-c489-41da-a3e0-a99f98b49c92) may allocate your [Deferred](#bookmark_dca_714b2431-c489-41da-a3e0-a99f98b49c92)[Compensation Amounts](#bookmark_dca_714b2431-c489-41da-a3e0-a99f98b49c92) and transfer your [Account Value](#bookmark_av_714b2431-c489-41da-a3e0-a99f98b49c92) among the [Investment Alternatives](#bookmark_ia_714b2431-c489-41da-a3e0-a99f98b49c92), subject to any limitations under your [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92).

***Participant—***An employee or former employee who has entered into a salary reduction agreement with a [Contractholder](#bookmark_conh_714b2431-c489-41da-a3e0-a99f98b49c92) and for whom we have received [Deferred Compensation Amounts](#bookmark_dca_714b2431-c489-41da-a3e0-a99f98b49c92) under a [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92). The agreement must specify the amount of earnings to be considered a Deferred Compensation Amount under the [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92).

***Plan—***An eligible deferred compensation plan meeting the requirements of Section 457(b) of the [Code](#bookmark_code_714b2431-c489-41da-a3e0-a99f98b49c92).

***Separate Account***— [Mutual of America Life](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)[Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) No. 2, a separate account established by us to receive and invest amounts contributed under variable accumulation annuity contracts and other variable contracts. The assets of the [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) are set aside and kept separate from our other assets.

***Subaccount****—*A division of the [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) which invests its assets exclusively in a corresponding Underlying Fund of the same name.

***Underlying Funds—***The funds or portfolios in which the [Subaccount](#bookmark_sub_714b2431-c489-41da-a3e0-a99f98b49c92)s are invested.

***We, us, our, Company or Mutual of America***—Refers to [Mutual of America Life](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Insurance [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92).

***You, or your***—Refers to a [Participant](#bookmark_part_714b2431-c489-41da-a3e0-a99f98b49c92).

------

**Updated Information About Your Contract**

The information in this section of the Updating Summary Prospectus is a summary of certain Contract features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract.

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

**Important Information** [**You**](#bookmark_you_714b2431-c489-41da-a3e0-a99f98b49c92) **Should Consider About the** [**Contract**](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | &nbsp;&nbsp; **LOCATION IN** <br> **PROSPECTUS**<br>|
| **Are There** <br> **Charges for Early** <br> **Withdrawals?**<br>| **No.** | **No.** | **No.** | Charges |
| **Are There** <br> **Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **No,** there are no charges for transactions under the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92), <br> other than certain fees associated with [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) loans. | &nbsp;&nbsp; **No,** there are no charges for transactions under the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92), <br> other than certain fees associated with [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) loans. | &nbsp;&nbsp; **No,** there are no charges for transactions under the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92), <br> other than certain fees associated with [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) loans. | Charges |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?**<br> (annual charges) | &nbsp;&nbsp; **Yes,** the table below describes the fees and expenses that you <br> may pay *each year,* depending on the Investment Alternatives <br> and optional benefits you choose. Loan interest is not reflected in <br> the table. Please refer to your [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) specifications page for <br> information about the specific fees you will pay each year based <br> on the options you have elected. | &nbsp;&nbsp; **Yes,** the table below describes the fees and expenses that you <br> may pay *each year,* depending on the Investment Alternatives <br> and optional benefits you choose. Loan interest is not reflected in <br> the table. Please refer to your [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) specifications page for <br> information about the specific fees you will pay each year based <br> on the options you have elected. | &nbsp;&nbsp; **Yes,** the table below describes the fees and expenses that you <br> may pay *each year,* depending on the Investment Alternatives <br> and optional benefits you choose. Loan interest is not reflected in <br> the table. Please refer to your [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) specifications page for <br> information about the specific fees you will pay each year based <br> on the options you have elected. | Charges |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?**<br> (annual charges) | **ANNUAL FEE** | **MIN.** | **MAX.** | Charges |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?**<br> (annual charges) | &nbsp;&nbsp;&nbsp;&nbsp; 1. Base [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) (varies by <br> [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) class)<br>| 0.27%<sup>1</sup> <br>| 1.98%<sup>1</sup> <br>| Charges |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?**<br> (annual charges) | &nbsp;&nbsp;&nbsp;&nbsp; 2. Underlying Fund fees and <br> expenses<br>| 0.14%<sup>2</sup> <br>| 8.91%<sup>2</sup> <br>| Charges |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?**<br> (annual charges) | &nbsp;&nbsp;&nbsp;&nbsp; 3. Optional benefits available <br> for an additional charge<br>| NA | NA | Charges |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?**<br> (annual charges) | &nbsp;&nbsp; <sup>1</sup> As a percentage of the Separate Account value. There are <br> several classes of the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92), each of which has a different <br> [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) charge, based upon the total contract assets <br> in the [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) and the [General Account](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92). See the <br> "Charges" section of the Prospectus for a description of the <br> different classes of the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) and related charges.<br> <sup>2</sup> As a percentage of the net asset value of the [Underlying Fund](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92)<br> assets. Net of fee waivers, the max is 1.24%. | &nbsp;&nbsp; <sup>1</sup> As a percentage of the Separate Account value. There are <br> several classes of the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92), each of which has a different <br> [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) charge, based upon the total contract assets <br> in the [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) and the [General Account](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92). See the <br> "Charges" section of the Prospectus for a description of the <br> different classes of the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) and related charges.<br> <sup>2</sup> As a percentage of the net asset value of the [Underlying Fund](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92)<br> assets. Net of fee waivers, the max is 1.24%. | &nbsp;&nbsp; <sup>1</sup> As a percentage of the Separate Account value. There are <br> several classes of the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92), each of which has a different <br> [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) charge, based upon the total contract assets <br> in the [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) and the [General Account](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92). See the <br> "Charges" section of the Prospectus for a description of the <br> different classes of the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) and related charges.<br> <sup>2</sup> As a percentage of the net asset value of the [Underlying Fund](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92)<br> assets. Net of fee waivers, the max is 1.24%. | Charges |

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

\* Net of fee waivers, the highest annual cost estimate is $3,296. 

**RISKS** 

------

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| | | |
|:---|:---|:---|
|  | **RISKS** |  |
| **What Are the** <br> **Risks Related to** <br> **the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; An investment in the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) is subject to the risks related to <br> [Mutual of America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92), including that any obligations (including <br> under the [General Account](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92)), guarantees, and benefits of the <br> [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) are subject to the claims paying ability of [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92). More information about [Mutual of America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92), including its <br> financial strength ratings, is available upon request from [Mutual](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [of America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) by calling our toll-free number, 800.468.3785 or by <br> visiting our website at mutualofamerica.com. | &nbsp;&nbsp; General <br> Description of <br> [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92)<br> No. 2, [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92), and <br> [Underlying Funds](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92)<br> Our [General](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [Account](#bookmark_ga_714b2431-c489-41da-a3e0-a99f98b49c92)<br>|
|  | **RESTRICTIONS** |  |
| **Are There Limits** <br> **on the** <br> **Investment** <br> **Options?**<br>| &nbsp;&nbsp; **Yes,** your ability to allocate Contributions among the [Investment](#bookmark_ia_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [Alternatives](#bookmark_ia_714b2431-c489-41da-a3e0-a99f98b49c92) is subject to any restrictions contained in your <br> [Employer](#bookmark_emp_714b2431-c489-41da-a3e0-a99f98b49c92)'s [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92). If your [Employer](#bookmark_emp_714b2431-c489-41da-a3e0-a99f98b49c92)'s [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92) permits transfers to <br> other contracts, you may transfer your [Account Value](#bookmark_av_714b2431-c489-41da-a3e0-a99f98b49c92) but only to <br> a provider specifically identified in the [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92). Transfers while you <br> are actively employed to any provider not specified in the [Plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92)<br> are prohibited.<br> We may remove an Underlying Fund or limit its availability to new <br> Contributions and/or transfers of [Account Value](#bookmark_av_714b2431-c489-41da-a3e0-a99f98b49c92) if we determine <br> that an Underlying Fund no longer satisfies one or more of our <br> selection criteria. | &nbsp;&nbsp; General <br> Description of <br> [Separate Account](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92)<br> No. 2, [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92), and <br> [Underlying Funds](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92)<br>|
| **Are There any** <br> **Restrictions on** <br> **Contracts** <br> **Benefits?**<br>| &nbsp;&nbsp; **Yes,** to the extent your Employer's Plan allows participant loans, <br> you have the right to borrow using your Account Value as <br> collateral security for the loan or, if your Employer's Plan <br> provides for loans to be made using a trust, you will withdraw the <br> loan amount from your Account Value. Your Employer's Plan may <br> or may not permit loans to be taken from or secured by amounts <br> held in a Designated Roth Account. The maximum amount that <br> can be taken as a loan is limited under the Code, based on your <br> account balance. Generally, a Participant can borrow no more <br> than the lesser of (a) the greater of $10,000 or 50% of the <br> Participant's vested account balance; or (b) $50,000. The <br> maximum amount that a Participant can borrow is also limited if <br> the Participant has another outstanding loan. Certain exceptions <br> may permit a Participant to take a larger loan under <br> circumstances specified by law from time to time.<br> We will not permit you to make withdrawals or transfers of the <br> collateral amount while the loan is outstanding. Amounts <br> borrowed in a loan do not participate in the Subaccount <br> investment experience. Loans, therefore, can affect the Account <br> Value and death benefit whether or not the loan is repaid. Death <br> benefit proceeds payable will be reduced by the amount of any <br> outstanding Contract loan plus accrued interest. | Loans |
|  | **TAXES** |  |
| **What Are the** <br> **Contract's Tax** <br> **Implications?**<br>| &nbsp;&nbsp; [You](#bookmark_you_714b2431-c489-41da-a3e0-a99f98b49c92) should consult with a tax professional to determine the tax <br> implications of an investment in and Contributions made under <br> the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92).<br> Because the [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) is purchased through a tax-qualified [plan](#bookmark_plan_714b2431-c489-41da-a3e0-a99f98b49c92), <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 |

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| | | |
|:---|:---|:---|
|  | **CONFLICTS OF INTEREST** |  |
| **How Are** <br> **Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Mutual of America offers the Contracts for sale through certain <br> of our employees who are registered representatives of Mutual <br> of America Securities LLC, the principal underwriter of the <br> Contracts. The only compensation we pay to registered <br> representatives for sales of the Contracts is in the form of salary, <br> plus annual incentive compensation based on achievement of <br> certain individual and/or Company sales objectives. There are no <br> commissions or fees payable for sales of the Contracts.<br> With regard to non-cash compensation, representatives and <br> certain staff from the top performing regional offices, as well as <br> other high performing representatives, are eligible to attend a trip <br> to a Company-hosted sales conference or other <br> Company-hosted event.<br> The existence of such forms of compensation could influence a <br> registered representative to recommend this [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) over <br> another investment. | &nbsp;&nbsp; Purchases and <br> [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) Value<br>|
| **Should I** <br> **Exchange My** <br> **Contract?**<br>| &nbsp;&nbsp; Registered representatives may have a financial incentive to offer <br> a participant a new contract in place of the one the participant <br> already owns. A participant should only exchange their Contract <br> if the participant determines, after comparing the features, fees, <br> and risks of both contracts, that it is preferable for the participant <br> to purchase the new contract rather than continue to own the <br> existing contract. | &nbsp;&nbsp; Purchases and <br> Contract Value<br>|

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**Appendix A:** [**Underlying Funds**](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92) **Available As Investment Options Under the** [**Contracts**](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92)

The following is a list of [Underlying Funds](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92) available under the [Contracts](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92). More information about the [Underlying Funds](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92) is available in the prospectuses for the [Underlying Funds](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92), which may be amended from time to time and are available on our website mutualofamerica.com/457Funds 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 fees and expenses of the [Underlying](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92)[Funds](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92), but do not reflect the other fees and expenses that your [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) 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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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | [**Underlying Fund**](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92) **and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | [**Underlying Fund**](#bookmark_uf_714b2431-c489-41da-a3e0-a99f98b49c92) **and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** |
| Equity Fund <br> Seeks investment <br> results that correspond <br> to the investment <br> performance of <br> Standard & Poor's <br> 500<sup>®</sup> Composite Stock <br> Price Index (the "S&P <br> 500 Index"\*)<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Equity Index Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)Capital <br> Management LLC<br>| 0.14% | 17.68% | 14.52% | 14.65% |
| 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_714b2431-c489-41da-a3e0-a99f98b49c92) All America Fund<br> Adviser: Mutual of <br> America Capital <br> Management LLC<br>| 0.55% | 11.96% | 10.91% | 11.87% |
| Equity Fund <br> Seeks capital <br> appreciation<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Small Cap Value <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.85% | 2.00% | 8.22% | 6.53% |
| Equity Fund <br> Seeks capital <br> appreciation<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Small Cap Growth <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.85% | 8.52% | 1.75% | 8.77% |
| Equity Fund<br> Seeks investment <br> results that correspond <br> to investment <br> performance of S&P <br> SmallCap 600<sup>®</sup> Index\*<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Small Cap Equity <br> Index Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.25% | 5.80% | 7.11%<br>6.41%<sup>2</sup> <br>|  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** |
| Equity Fund<br> Seeks capital <br> appreciation and, to a <br> lesser extent, current <br> income<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Mid Cap Value Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.70% | 2.48% | 7.82% | 8.10% |
| Equity Fund<br> Seeks investment <br> results that correspond <br> to investment <br> performance of S&P <br> MidCap 400<sup>®</sup> Index\*<br>| MoA Mid Cap Equity <br> Index Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.17% | 7.28% | 8.93% | 10.52% |
| Equity Fund<br> Seeks capital <br> appreciation<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) International Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.48% | 37.20% | 11.10% | 9.25% |
| Equity Fund<br> Seeks capital growth<br>| LVIP American Century <br> Capital Appreciation <br> Fund<br> Adviser: Lincoln Financial <br> Investments Corporation<br> SubAdviser: American <br> Century Investment <br> Management, Inc.<br>| 0.57% | 6.95% | 5.49%<br>12.13%<sup>3</sup> <br>|  |
| Equity Fund<br> Seeks long-term capital <br> appreciation<br>| American <br> Funds Insurance Series <br> New World Fund<br> Adviser: Capital <br> Research and <br> Management [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br>| 0.57% | 28.60% | 5.59% | 9.53% |
| Equity Fund<br> Seeks long-term capital <br> growth<br>| American Century Small <br> Cap Growth R6<br>| 0.78% | 9.40% | 3.31% | 12.60% |
| Equity Fund<br> Seeks capital <br> appreciation<br>| Nomura VIP<sup>®</sup> Small Cap <br> Value Series <br> Adviser: Delaware <br> Management [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br>| 0.74% | 8.16% | 9.26% | 9.15% |
| Equity Fund<br> Seeks to provide <br> long-term growth of <br> capital<br>| DWS Capital Growth VIP<br> Adviser: DWS Investment <br> Management Americas, <br> Inc. <br>| 0.49% | 12.53% | 10.92% | 15.29% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Equity Fund<br> Seeks reasonable <br> income and will also <br> consider potential for <br> capital appreciation. <br> Fund's goal is to <br> achieve a yield which <br> exceeds the composite <br> yield on the securities <br> comprising the S&P <br> 500<sup>®</sup> Index<br>| Fidelity VIP <br> Equity-Income Portfolio<br> Adviser: Fidelity <br> Management & Research <br> [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.46% | 19.02% | 12.51% | 11.60% |  |
| Equity Fund<br> Seeks long-term capital <br> appreciation<br>| Fidelity VIP Contrafund<sup>®</sup> <br> Portfolio<br> Adviser: Fidelity <br> Management & Research <br> [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.54% | 21.52% | 15.37% | 15.78% |  |
| Equity Fund<br> Seeks long-term <br> growth of capital<br>| Fidelity VIP Mid Cap <br> Portfolio<br> Adviser: Fidelity <br> Management & Research <br> [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.55% | 11.75% | 10.10% | 10.59% |  |
| Equity Fund<br> Seeks long-term <br> growth of capital<br>| Goldman Sachs VIT <br> Small Cap Equity Insights <br> Fund<br> Adviser: Goldman Sachs <br> Asset Management, L.P. <br>| 0.82% | 16.14% | 10.47% | 10.84% |  |
| Equity Fund<br> Seeks long-term <br> growth of capital and <br> dividend income<br>| Goldman Sachs VIT US <br> Equity Insights Fund<br> Adviser: Goldman Sachs <br> Asset Management, L.P. <br>| 0.56% | 15.75% | 13.81% | 13.73% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Equity Fund<br> Seeks capital <br> appreciation<br>| Invesco V.I. Main Street <br> Fund<sup>®</sup> <br>Adviser: Invesco <br> Advisers, Inc.<br>| 0.80% | 15.93% | 12.47% | 12.53% |  |
| Equity Fund<br> Seeks capital <br> appreciation<br>| MFS<sup>®</sup> VIT III Mid Cap <br> Value Portfolio<br> Adviser: MFS<br>| 0.79% | 5.98% | 10.18% | 9.95% |  |
| Equity Fund<br> Seeks long-term <br> growth of capital by <br> investing primarily in <br> securities of <br> companies that meet <br> Fund's environmental, <br> social and governance <br> (ESG) criteria<br>| Neuberger Berman <br> Advisers Management <br> Trust Sustainable Equity <br> Portfolio<br> Adviser: Neuberger <br> Berman Investment <br> Advisers LLC <br>| 0.87% | 13.71% | 12.83% | 12.94% |  |
| Equity Fund<br> Seeks to provide <br> long-term capital <br> growth with income as <br> secondary objective<br>| T. Rowe Price Blue Chip <br> Growth Portfolio<br> Adviser: T. Rowe Price <br> Associates, Inc.<br>| 0.75% | 18.74% | 11.68% | 15.54% |  |
| Equity Fund<br> Seeks to provide <br> long-term capital <br> appreciation and <br> income<br>| Vanguard Variable <br> Insurance Fund <br> Diversified Value <br> Portfolio<sup>®</sup> <br>Advisers: Lazard Asset <br> Management LLC and <br> Hotchkis and Wiley <br> Capital Management, <br> LLC<br>| 0.28% | 16.83% | 13.24% | 11.76% |  |
| Equity Fund<br> Seeks to provide <br> long-term capital <br> appreciation<br>| Vanguard Variable <br> Insurance <br> Fund International <br> Portfolio<sup>®</sup> <br>Advisers: Baillie Gifford <br> Overseas Ltd. And <br> Schroder Investment <br> Management North <br> America Inc.<br>| 0.32% | 19.97% | 0.62% | 10.48% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Real Estate Fund<br> Seeks to provide a high <br> level of income and <br> moderate long-term <br> capital appreciation by <br> tracking performance <br> of a benchmark index <br> that measures <br> performance of publicly <br> traded equity REITs <br> and other real <br> estate-related <br> investments<br>| Vanguard Variable <br> Insurance Fund Real <br> Estate Index Portfolio<sup>®</sup> <br>Adviser: The Vanguard <br> Group, Inc.<br>| 0.26% | 3.11% | 4.51% | 5.08% |  |
| 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 US Government <br> Money Market Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.23% | 4.15% | 3.06% | 1.96% |  |
| Fixed Income Fund<br> Primary investment <br> objective is to produce <br> a high level of current <br> income with secondary <br> investment objective to <br> preserve shareholders' <br> capital<br>| MoA Intermediate Bond <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.47% | 6.65% | 0.74% | 2.14% |  |
| Fixed Income Fund<br> Seeks current income, <br> with preservation of <br> shareholders' capital a <br> secondary objective<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Core Bond Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.45% | 7.58% | -0.56% | 1.92% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Fixed Income<br> Seeks to achieve its <br> investment objective by <br> investing under normal <br> circumstances at least <br> 80% of its net assets in <br> inflation-indexed bonds <br> of varying maturities <br> issued by the U.S. and <br> non-U.S. governments, <br> their agencies or <br> instrumentalities and <br> corporations, which <br> may be represented by <br> forwards or derivatives <br> such as options, <br> futures contracts or <br> swap agreements <br>| PIMCO Variable <br> Insurance Trust Real <br> Return Portfolio <br> (Institutional Class)<br> Adviser: Pacific <br> Investment Management <br> [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) LLC <br>| 1.24% | 8.01% | 1.36% | 3.37% |  |
| Fixed Income Fund<br> Seeks to track the <br> performance of a <br> broad, market-weighted <br> bond index<br>| Vanguard Variable <br> Insurance Fund Total <br> Bond Market Index <br> Portfolio<sup>®</sup> <br>Adviser: The Vanguard <br> Group, Inc.<br>| 0.14% | 6.94% | -0.51% | 1.90% |  |
| 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_714b2431-c489-41da-a3e0-a99f98b49c92) Balanced Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.57% | 18.82% | 10.50% | 10.04% |  |
| Balanced Fund<br> Seeks to obtain high <br> total return with <br> reduced risk over the <br> long term by allocating <br> Fund assets among <br> stocks, bonds, and <br> short-term instruments<br>| Fidelity VIP Asset <br> Manager Portfolio<br> Adviser: Fidelity <br> Management & Research <br> [Company](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.51% | 14.98% | 5.67% | 7.13% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Balanced Fund<br> Seeks to achieve <br> competitive total return <br> through actively <br> managed portfolio of <br> stocks, bonds, and <br> money market <br> instruments which offer <br> income and capital <br> growth opportunity<br>| Calvert VP SRI Balanced <br> Portfolio<br> Adviser: Calvert <br> Research and <br> Management<br>| 0.64% | 11.48% | 8.68% | 9.81% |  |
| Balanced Fund<br> Seeks current income <br> and, to a lesser extent, <br> capital appreciation<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Conservative <br> Allocation Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.50% | 11.06% | 4.74% | 5.95% |  |
| Balanced Fund<br> Seeks capital <br> appreciation and <br> current income<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Moderate Allocation <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.38% | 15.40% | 7.80% | 8.67% |  |
| Balanced Fund<br> Seeks capital <br> appreciation and, to a <br> lesser extent, current <br> income<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Aggressive <br> Allocation Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.39% | 16.16% | 9.14% | 10.03% |  |
| Balanced Funds<br> Seeks current income <br> consistent with <br> preservation of capital <br> and, to a lesser extent, <br> capital appreciation<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Retirement Income <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.53% | 10.53% | 4.13% | 5.18% |  |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2020 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.49% | 11.18% | 5.11% | 6.75% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2025 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.44% | 12.81% | 6.35% | 7.88% |  |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2030 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.43% | 13.85% | 7.62% | 8.95% |  |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2035 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.40% | 15.32% | 8.84% | 9.90% |  |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2040 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.37% | 16.95% | 10.03% | 10.61% |  |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2045 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.36% | 17.70% | 10.49% | 10.82% |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current** <br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2050 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.37% | 17.82% | 10.69% | 10.95% |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2055 <br> Fund<br> Adviser: Mutual of <br> America Capital <br> Management LLC<br>| 0.38% | 18.27% | 10.86%<br>11.13%<sup>4</sup> <br>|  |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2060 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.40% | 18.45% | 11.05%<br>10.72%<sup>5</sup> <br>|  |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| [MoA](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Clear Passage 2065 <br> Fund<br> Adviser: [Mutual of](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92)<br> [America](#bookmark_comp_714b2431-c489-41da-a3e0-a99f98b49c92) Capital <br> Management LLC<br>| 0.49% | 18.17% | 11.18%<br>13.74%<sup>6</sup> <br>|  |
| Balanced Funds<br> Seeks current income <br> and capital <br> appreciation <br> appropriate for asset <br> allocation associated <br> with Fund's <br> approximate year of <br> retirement which is <br> included in its name<br>| MoA Clear Passage 2070 <br> Fund<br> Adviser: Mutual of <br> America Capital <br> Management LLC<br>| 0.41%<br>19.49%<sup>7</sup> <br>|  |  |  |

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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, All America 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.

The reported expense ratio for the following funds is net of fee waivers that may not continue: MoA Small Cap Equity Index Fund, MoA Clear Passage 2070 Fund, American Funds Insurance Series New World Fund, Calvert VP SRI Balanced Portfolio, Fidelity VIP Asset Manager Portfolio, all Goldman Sachs VIT Funds, Invesco V.I. Main Street Fund, and MFS VIT III Mid Cap Value Portfolio. Refer to the prospectuses of the Underlying Funds for more information.

Since inception date July 2, 2018.

Since inception date September 22, 2017.

Since inception date October 1, 2016.

Since inception date July 2, 2018.

Since inception date August 3, 2020.

Since inception date May 1, 2025.

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**Mutual of America** [**Separate Account**](#bookmark_sa_714b2431-c489-41da-a3e0-a99f98b49c92) **No. 2**

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

**You 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 Act of 1940 Act File Number 811-03996* <br>*Securities Act of 1933 Registration Number 33-05609*

EDGAR [Contract](#bookmark_con_714b2431-c489-41da-a3e0-a99f98b49c92) identifier C000025765.

**Prospectus dated May 1, 2026**

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