The MO Deferred Comp Plan Selects New Record Keeper

The MO Deferred Comp Plan is excited to announce that it will be transitioning to a new third-party record keeper, Voya Financial, late September 2025.

The deferred comp plan underwent a thorough evaluation of potential recordkeeping providers to ensure the plan continues to meet the evolving needs of state employees and retirees who are saving and investing for retirement. “After a comprehensive review process, we are confident Voya will bring innovation, experience, and high-quality service necessary to support state of Missouri employees on their journey toward a secure retirement,” said Cindy Rehmeier, MOSERS Manager of Defined Contribution Plans.

Throughout the transition, Voya will work closely with MO Deferred Comp Plan staff to ensure a smooth transition of recordkeeping responsibilities from MissionSquare Retirement. This transition is all about giving state employees and retirees a better retirement savings and investing experience. VOYA will continue to provide ongoing, day-to-day participant services — like maintaining the secure participant website and processing contributions, transfers, distributions and other transactions. In addition, they will also provide access to upgraded tools, a more mobile-friendly platform, and even stronger account security.

The MO Deferred Comp Plan will keep state employees – like yourself – in the loop every step of the way. Over the coming months, you’ll start seeing updates, helpful resources, and communications to make sure you’re ready for the transition. No major action is needed from you right now. If you have questions, our financial education professionals are always here to help. The MO Deferred Comp team is looking forward to bringing you an upgraded retirement savings experience with Voya Financial!

We’re excited for what’s ahead and can’t wait to bring you an upgraded retirement savings experience with Voya!

About Voya

Voya is a nationally recognized provider of retirement services who currently serves over 3,700 government retirement plans with more than $174 billion in assets and 2.8 million participants.¹ The transition to Voya marks a significant milestone in the ongoing evolution of the MO Deferred Comp Plan, reinforcing the state’s commitment to providing best-in-class retirement solutions for its employees.

¹As of 12/31/2024

‍