Plan Sponsor News

CONTENTS
Compliance and Reporting ➝
Key Deadlines and Resources ➝

Things to Know ➝
Required Actions for Mid-Year Compliance ➝

News ➝
Identity Verification Enhances Online Withdrawal Security ➝
Coming Soon: Enhanced Enrollment Experience ➝
Asset Management That Supports Your Purpose ➝
New IRA Offerings Expand Retirement Options ➝
MoA Funds Earn Two 2026 LSEG Lipper Fund Awards ➝
New Market Volatility Education Resource ➝
New Annuity Contract Prospectuses Now Available ➝
2025 Annual Report Now Available ➝
Applications Open for 2026 Community Partnership Award ➝

Q2 2026
June 15: Complete refunds or recharacterizations for April plans that failed the 2025 ADP/ACP test.
June 30: 12-month deadline for July plans to complete refunds that failed the 2024 ADP/ACP test (plan year ending 6/30/2025).
June 30: Complete refunds or recharacterizations for January plans that failed the 2025 ADP/ACP test under eligible automatic contribution arrangements.

Looking Ahead: July–December
July 1: Data collection (census gathering) begins for July 2025 plan year compliance testing.
July 31: Deadline to submit census data for July 2025 plan year compliance testing.
July 31: Form 5500 standard filing deadline for the January 2025 plan year.
September 15: Complete refunds or recharacterizations for July plans that failed the 2025 ADP/ACP test.
October 15: Form 5500 extended filing deadline for the January 2025 plan year.
December 31: Complete refunds or recharacterizations for July plans that failed the 2025 ADP/ACP test under eligible automatic contribution arrangements.
December 31: 12-month deadline for January plans to complete refunds that failed the 2025 ADP/ACP test (plan year ending 12/31/2025).

July Plan-Year Sponsors
Begin preparing for annual filings, compliance testing, and contribution deadlines.
Review eligibility, remittance timing, and year‑end reconciliation to reduce delays and audit findings.
ADP/ACP Refunds: 12-month deadline to process refunds for failed July 2024 testing (plan year ending 6/30/2025) is June 30.

Required Actions for Mid-Year Compliance

Excess Contributions
Correct excess contributions for EACA plans that failed the 2025 ADP/ACP tests to avoid a 10% excise tax by June 30.

Disclosures and Required Filings
Provide updated SPD/SMM disclosures and file Form 5500 and Form 8955-SSA, or submit Form 5558 to request an extension, between July 29 and July 31.

Quarterly Participant Statements
Deliver Q2 participant statements, including account balances and fee disclosures, within 45 days after quarter-end by August 14.

Required Employer Contributions
Make required employer contributions, including money purchase and profit-sharing or matching contributions (if operating under a tax extension), by September 15.

Annual Report Distribution
Distribute the Summary Annual Report (SAR) to participants, with timing dependent on the Form 5500 filing, by September 15 or September 30.

Identity Verification Enhances Online Withdrawal Security
Mutual of America is enhancing online withdrawals by integrating Plaid Identity Verification (Plaid IDV) into the OWS Withdrawal Wizard. Plaid IDV allows participants to quickly confirm their identity online by securely checking information tied to their financial accounts. This happens within the withdrawal process, so there’s no need to pause the request or wait for follow-up calls in most cases. Manual verification often requires follow-up outreach and slow processing; the new approach enables faster, more seamless verification while strengthening fraud protection. Manual verification will still be available for paper requests and certain situations, ensuring flexibility when needed.

Coming Soon: Enhanced Enrollment Experience
Mutual of America will soon be introducing an enhanced enrollment experience designed to simplify account setup while strengthening security. The new process features improved identity verification capabilities, including multi-step validation using personal information, mobile confirmation codes, and secure document verification through Plaid Identity Verification.

Participants will benefit from a smoother, more intuitive journey—from verifying their identity to creating login credentials and accessing their accounts. The streamlined process reduces friction while maintaining robust safeguards, helping ensure that only authorized users can enroll and manage their retirement plans online. The result is a faster, more secure and user-friendly enrollment experience for plan participants.

Asset Management That Supports Your Purpose
Mutual of America offers asset management through Mutual of America Capital Management, LLC, supporting plan sponsors in managing reserve, endowment, and operating assets. Designed for nonprofit and mission-driven organizations, the service provides customized portfolios aligned with risk tolerance, liquidity needs, and governance structures. Ongoing monitoring, rebalancing, and direct access to portfolio managers ensure transparency and a fiduciary-focused approach. Ideal for nonprofits, foundations, educational and faith-based organizations, healthcare systems, and employers managing reserve or operating funds. For more information, contact your Client Relationship Manager.

New IRA Offerings Expand Retirement Options
Mutual of America, in partnership with IRALOGIX, now offers three non-annuity IRA options:

Involuntary IRA (IVD): Automatically moves participants with small balances ($7,000 or less) into an IRA when they leave a plan or do not respond to distribution notices.
MoA Managed IRA: A professionally managed IRA where investment decisions and portfolio management are handled based on the client’s goals, risk level, and timeline.
MoA Self-Select IRA: A self-directed IRA that lets participants choose and manage their own investments from a curated fund lineup.

These options help sponsors meet requirements while giving participants flexibility to manage retirement savings after separation.

MoA Funds Earn Two 2026 LSEG Lipper Fund Awards
Mutual of America Capital Management’s MoA Balanced Fund earned two 2026 LSEG Lipper Fund Awards, recognizing best-in-class performance in the U.S. mixed-asset target allocation moderate fund category. The awards underscore our commitment to our time-honored investment strategy focused on consistency, discipline and a long-term focus. According to Capital Management leadership, the recognition reflects the hard work of our team and our dedication to supporting clients in attaining their financial goals. Read the press release.

New Market Volatility Education Resource
An updated participant education presentation, Market Volatility: Staying the Course for a Secure Retirement, is now available for sponsor use. The presentation reinforces long‑term investing principles, including avoiding market timing, maintaining contributions, diversification, and the benefits of compounding. Designed to support participant conversations during periods of market uncertainty, the material helps frame volatility in a long‑term retirement context. Plan sponsors may wish to share this resource with service teams or participant‑facing staff as part of ongoing financial education efforts, particularly when markets are unsettled and participants may be tempted to make short‑term investment changes. Please contact your Client Relationship Manager for this valuable resource.

New Annuity Contract Prospectuses Now Available
Effective May 1, 2026, Mutual of America introduced new, concise annuity contract summary prospectuses to comply with SEC Rule 498A. These documents replace traditional full prospectuses for new annuity platform participants, including 403(b), 401(k), 457, IRA, and related contracts. Existing participants will receive an annual updated summary prospectus. The new format is designed to make key information—such as fees, features, and risks—easier to understand. Plan sponsors should ensure outdated prospectuses are removed and that new participants receive the appropriate summary prospectus, with full details available online as needed.

2025 Annual Report Now Available
Mutual of America’s 2025 Annual Report is now available online and highlights the Company’s progress toward its three strategic objectives, with a continued focus on serving plan sponsors and participants. The report features a message from Stephen Rich, outlining advances across Mutual of America’s retirement services, insurance, and asset management business lines, and how these efforts support long-term growth. It also includes selected financial highlights, client testimonials, and an overview of recent technology and service enhancements designed to strengthen the customer experience and support the communities Mutual of America serves.

Applications Open for 2026 Community Partnership Award
Applications are now being accepted for the 2026 Mutual of America Foundation Community Partnership Award, which recognizes nonprofit organizations across the United States for their outstanding community impact. Since 1996, the award has honored organizations that demonstrate strong leadership and collaboration with public, private, or social-sector partners. An independent committee selects three award recipients, recognizing partnerships that improve lives, address social challenges across communities, or show potential to scale their impact. Nonprofit organizations are encouraged to apply by July 1, 2026. Plan sponsors are invited to share this opportunity with their nonprofit clients and prospects.