The 401(a) plan offered by Mutual of America is a defined contribution retirement plan tailored for governmental, for-profit, and not-for-profit employers. This plan does not typically allow for employee salary deferral contributions but requires employers to make recurring and substantial contributions. The final retirement benefit for each employee is determined by the total amount accumulated in their individual 401(a) account. The plan is advantageous for both employers and employees, offering tax-deferred growth of earnings and potential tax benefits upon withdrawal, subject to certain conditions. Mutual of America provides comprehensive support including plan document services, recordkeeping, administrative services, investment-related services, and employee education to ensure both employers and employees maximize the benefits of their retirement plan.