Have you ever wondered how your retirement savings compare to others? Whether you're just starting out or you’re eyeing retirement, checking in on your progress can help you stay motivated and make adjustments, if needed. Just remember, everyone's financial journey is different, so comparisons should guide you, not define you. Alright, here’s some state of Missouri employee’ MO Deferred Comp account savings data as well as data from other public sector deferred compensation retirement savings plans across the United States* to help you better gauge your savings progress. Employees who are age 35 and under have an average balance of $4,200 and contribute an average 2.9% or $110 per month to their MO Deferred Comp account. The national averages of similar public sector savings plans for this age group are an account balance of approximately $8,400 and contribution levels of 4.7% or $140 a month MO Deferred Comp savers who fall between the ages of 36 to 49 have roughly $17,000 saved and contribute 4% or $190 per month. The national averages of similar public sector savings plans for this age group are an account balance of approximately $35,000 and contribution levels of 5.8% or $280 a month Lastly, Missouri state employees age 50 and over, have an average account balance of $49,000 and save on average 5.3% or $250 per month.. The national averages of similar public sector savings plans for this age group are an account balance of approximately $98,600 and contribution levels of 8.6% or $365 a month Comparing your savings balance and contribution rate to similar savers across the United States can be a helpful check-in, but it’s not the whole story. What matters most is saving consistently, investing wisely, and making a plan that fits your goals. If you’re unsure where you stand or want help creating a stronger retirement savings strategy, reach out to your local MO Deferred Comp plan financial education professional. They are here to help—no judgment, just education and support. *NAGDCA/EBRI Public Retirement Research Lab (PRRL) Annual Report & MO Deferred Comp Data as of 03/31/2025
