The New York Stock Exchange will be closed on Monday, September 1, 2014 in observance of Labor Day. Due to the holiday, transactions submitted via Account Access after 3:00 p.m. Central time (CT) on Friday, August 29, will be processed as of the close of business on Tuesday, September 2. The call center will reopen at 7:30 a.m. CT on Tuesday, September 2.
Have a great holiday.
The State of Missouri Deferred Compensation Plan is an employee benefit created by state statute. As such, the salaries of Plan employees and its representatives are NOT tied to the amount participants contribute to the Plan or the investment options they choose within their accounts. Rest assured that any information you receive from the Plan is intended to be in your best interests.
A recent Bloomberg.com article focused on financial brokers who are advising federal workers to roll their retirement savings from a low-fee, employer-sponsored plan to more expensive individual retirement accounts. If a financial professional suggests that you transfer your account balance to another fund or IRA, there is one simple question you should ask yourself: “Are they acting in my best interests or their own?”
Read the full Bloomberg.com article: "Brokers Lure Soldiers Out of Low-Fee Federal Retirement Plans"
Announcing an exciting new seminar that will help you complete the retirement income puzzle. Plus, get the scoop on what separates a 457(b) plan from a 401(k) and IRA.
View the August 2014 DC Update
Funding for the reinstatement of the employer incentive (match) program associated with the State of Missouri Deferred Compensation Plan has been withheld from the state budget at this time.
The ING Stable Income Fund annualized credited rate effective third quarter 2014 (July 1 - September 30, 2014) is 2.10%.