State of Missouri
The MO Deferred Comp Plan is a retirement savings program designed to assist Missouri state employees in saving and investing for their future. With an automatic enrollment feature and various investment options including pre-tax and after-tax Roth contributions, the plan aims to provide additional monthly income during retirement.
Transitioning to Voya Financial as its new account recordkeeper in late September 2025, the MO Deferred Comp Plan emphasizes financial wellness through resources like calculators, educational seminars, and dedicated Financial Education Professionals. The average state employee contributes approximately 4% or $190 monthly, ensuring steady growth of their retirement savings over time.
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