State of Missouri Deferred Compensation Plan Wins an Eddy Award Two Years in a Row
For the second year in a row, the State of Missouri Deferred Compensation Plan was awarded a prestigious Eddy Award from Pension & Investments (P&I) magazine at its East Coast Defined Contribution Plan Conference on March 20, 2017. The P&I Eddy Awards recognize the best practices in retirement savings education for defined contribution plan participants. The deferred compensation plan won second-place among public sector nominees in the special projects category.Read More
Missouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective second quarter 2017 (April 1 - June 30, 2017) will be 2.40%.
America Saves Week 2017
America Saves Week begins Monday, February 27th. Grab your thinking caps and get your buzzer ready, it’s time for a Savings Showdown!Read More
2016 Year-End Reminders
This update highlights important tax and RMD information for participants receiving distributions from the plan.Read More
The New York Stock Exchange will be closed on Monday, December 26, 2016 in observance of Christmas. Due to the holiday, transactions submitted via Account Access after 3:00 pm central time (CT) on Friday, December 23rd and on Monday, December 26th will be processed as of the close of business on Tuesday, December 27th. The local plan office and call center will reopen at 7:30am CT on Tuesday.
Have a wonderful Christmas holiday.
DC Update - 2016 4th Quarter
This year's holiday DC Update, The Twelve Days of Deferred Comp, is just the video to keep you warm (from laughing that is) on this cold December day! Enjoy!VIEW THE 2016 4th Quarter DC UPDATE
Missouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective first quarter 2017 (January 1 - March 31, 2017) will be 2.25%.
MO Deferred Comp Mobile App
Have you been waiting for an easy and convenient way to access the MO Deferred Comp Plan? Your wait is over! Deferred comp just released its NEW mobile app.Read More
2016 Contribution Improvements
Effective December 18, 2016, future contributions to MO Deferred Comp can only be made in a percentage format. Just like the name suggests, percent-of-pay contributions are a retirement savings amount based on a percentage of your pay. Contributions can be made at a minimum of 1% and adjustments can be made in as little as 0.1% increments. Current dollar-based contributions will remain in a dollar form until a change is made by the saver.Learn More
IRS Contribution Limits Remain Unchanged for 2017
On October 27, 2016, the Internal Revenue Service announced that contribution limits will not change in 2017. Contribution limits are determined by either an increase or decrease in the cost-of-living index and directly affect the amounts a participant can contribute to the State of Missouri Deferred Compensation Plan. Below are the contribution limits for the 2017 tax year.
|Maximum Annual Deferral – under age 50||$18,000|
|Age 50 and Over Catch-up Provision Limit||$6,000|
|Pre-Retirement Catch-up Provision Limit||$18,000|
For more information, please visit the IRS website.
Your Whole Story
2016 National Retirement Security Week
Saving for retirement doesn’t have to be complicated or difficult. Throughout Natoinal Retirement Security Week, we’ll be posting some of our favorite savings tips that can help you along your retirement savings journey.View NRSW Savings Tips
2016 Retirement and Savings Survey Results
In September, MO Deferred Comp conducted three Retirement and Savings surveys targeting active employees age 35 and under, active employees over age 35, and terminated employees (retirees) over age 55. With nearly 8,000 responses (that’s a 12% response rate), the feedback received has proven to be extremely insightful and will help the plan better understand participants’ needs and ultimately improve education efforts. Thank you to everyone who participated in this year’s surveys.View Survey Winners & Results