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Recently, State of Missouri Deferred Compensation Plan participants received a letter outlining the transition of their account records from ING Retirement Plans (ING) to ICMA-RC. To help address transition-related questions that might arise, a Transition FAQ has been posted to the Plan website.
In addition to the FAQs, don't forget to read the Plan Record Keeper Transition Details update on the Plan website. This update includes an overview of the transition, as well as a participant checklist to help monitor the change, key dates to be aware of during the transition process and a comprehensive schedule of transition seminars.
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Interested in learning more about the upcoming record keeper transition? Education specialists will be at locations throughout the state presenting information about the transition, including enhancements you can expect with the new record keeper. Check out the transition seminar schedule to find a date and location that works best for you. You DO NOT need to register to attend a transition seminar.
If you can't make a live seminar, a recorded transition webinar will soon be available on the Plan website. Stay tuned for more information about this alternative.
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Next week, Oct. 17-21, 2011, is National Save for Retirement Week. This congressionally-endorsed, national event encourages employees to take full advantage of employer-sponsored retirement plans. Please help promote the importance of retirement savings by downloading the Plan's National Save for Retirement Week flyer (PDF) and posting it around your office. Beginning on Monday, Oct. 17, 2011, the Plan will focus on some common employee excuses for not saving and the Plan features that challenge these beliefs. Be sure to connect with the Plan on Facebook or Twitter, or visit modeferredcomp.org, to learn how the Plan can benefit employees at all age, experience and income levels.
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The latest edition of Simply Put incudes:
- Consider Contributing More to Your Plan Account
- Record Keeper Transition Reminders
- Investing in a Volatile Market
- Why Social Security and a Pension May Not Be Enough
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Participants can now find the State of Missouri Deferred Compensation Plan on both Facebook and Twitter. Whichever you prefer, staying connected with the Plan is a great way to receive timely plan news, valuable savings tips and more.
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Help us communicate important plan updates. Please forward this message to all employees in your agency/department.
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