SEPARATE ACCOUNT CHARGE. A charge for marketing and administrative costs associated with each Participant’s account under this Contract and for any state or other taxes. Such charge shall be declared from time to time by the Company for the class of contracts to which this Contract belongs. The Company shall deduct the charge from each Investment Fund. This is a daily charge expressed as a percentage of the value of the net assets in each Investment Fund subject to a maximum of [2%] annually of the net assets in each Investment Fund.
Appears in 2 contracts
Samples: Tax Deferred Group Annuity Contract (Mutual of America Separate Account No 2), Group Annuity Contract Section 457 Deferred Compensation (Mutual of America Separate Account No 2)
SEPARATE ACCOUNT CHARGE. A charge for marketing and administrative costs associated with each Participant’s account under this Contract and for any state or other taxes. Such charge shall be declared from time to time by the Company for the class of contracts to which this Contract belongs. The Company shall deduct the this charge from each Investment Fund. This is a daily charge expressed as a percentage of the value of the net assets in each Investment Fund subject to a maximum of [2%] % annually of the net assets in each Investment Fund.
Appears in 2 contracts
Samples: Group Annuity Contract (Mutual of America Separate Account No 2), Group Annuity Contract Defined Contribution (Mutual of America Separate Account No 2)
