Frequently Asked Questions

As a saver in the deferred comp plan, you are saving money today to help meet your future retirement needs. With something so important, it’s likely you will have questions. Below are a number of answers to common deferred comp questions. If you don’t see your question below, remember you can email us anytime or call 800-392-0925.


Account Management

Yes, transactions can be canceled any time before 3 p.m. on the same day. (This does not apply to transactions requested from the Self Directed Brokerage Account.) Transactions may be canceled by navigating to the View Transaction History section under the My Account tab within Account Access. Click the View link toward the top of the page (following the "You have pending transactions" text) to view and/or adjust any pending transactions.
If you need help with any deferred comp transaction, call 800-392-0925. You can press 0 on your telephone keypad any time during your call to talk with a participant service representative. Participant service representatives are trained specialists who are knowledgeable about the provisions of the deferred comp plan.
Plan transactions and information requests can be made 24 hours a day, 7 days a week by logging into Account Access from the right sidebar of this website or via the ESS portal, or by calling the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925.

After November 10, 2011, all participants accessing their account from this website must first establish a User ID and password. You can do so quickly and easily by clicking on the New User - Register Now link beneath the login to the right. Complete your personal information by entering your social security number, date of birth, zip code and email address. Then, select a User ID and password and complete the two security tests to finalize your registration.

Transactions completed before 3 p.m. will be processed the same business day. Transactions completed after 3 p.m. will be processed the next business day. You may cancel a transaction if you do so before 3 p.m. on the same day the transaction is made. (This does not apply to transactions requested from the Self Directed Brokerage Account.)
  1. Log on to Account Access in the right sidebar of the site, choose My Profile in the left menu (under the My Account tab), and click on Beneficiaries.
  2. Select Update Beneficiaries to update your designations, or click the Add Beneficiaries button to add a new one.
  3. Enter the beneficiary's name, SSN, their relation to you, date of birth, and the percentage of your assets you wish for them to receive. Click the Add Another button under each beneficiary type if you would like to add multiple beneficiaries.
    Please Note: If you designate multiple beneficiaries, their combined percentages must add up to 100% using only whole numbers. For example, if you designate three contingent beneficiaries and would like them to receive equal amounts, you must designate 34% to one of the three beneficiaries to reach 100%.
  4. When you are finished adding both primary and contingent beneficiaries, click the Next button.
  5. Please review the confirmation screen to ensure your selections are correct. You can make changes to your selections by clicking the Rescind button.
  6. If you have an email address on file, you will receive an email confirming the beneficiary change request.
IMPORTANT: Keep in mind, if you're married and you have designated someone other than your spouse as a beneficiary on or after September 1, 2011, you must have your spouse fill out the spousal consent section of the Designation of Beneficiary form.
Your plan reference code/account number is located on your quarterly statement as well as within Account Access under the Personal Information section of the Manage My Account tab.

This website offers you the most convenient and efficient way to manage your plan account. Log on to Account Access as often as you'd like for the most current information available.

The Account Summary section of Account Access gives you a snapshot of your account status. Your account statement is also available online to give you timely and easy access to your retirement plan information. To access your account statement, log on to Account Access from the right sidebar of this site and choose View Transaction History in the left menu under the My Account tab. Typically around the 12th day of each calendar quarter, you will receive an eDelivery email notifying you that your account statement is available online. Follow the links within the email to view your statement. You can opt out of eDelivery anytime by visiting the Services page under the My Profile section within Account Access, or by calling the Plan Information Line at 800-392-0925. Should you need a hard copy of your retirement plan account statement for your personal records, you can print one at any time from within Account Access.

You can submit a deferred comp form by fax, regular mail or overnight mail.

By fax:
Attention: State of Missouri Deferred Compensation Plan
(202) 682-6439

By Regular mail:
ICMA-RC
Attn: Workflow Management Team
PO Box 96220
Washington, DC 20090

Overnight mail:
ICMA-RC Retirement Corporation
777 North Capitol Street NE
Suite 600
Washington, DC 20002

You may move money between investment options anytime by logging on to Account Access, selecting Manage Funds from the left menu beneath the My Account tab, and choosing the transfer type (single or multiple fund transfer) you would like. You may also complete a transfer by calling the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925.

Transfers must be made in 1% increments, and you cannot transfer money from one investment option to another and back to the original option in the same day. (This does not apply to transactions requested from the Self Directed Brokerage Account.)

Also, you may change the way your current balance is invested across all investment options by selecting Manage Funds under the My Account tab and choosing the Future Allocations button on that page. The transfer transactions must be in percentages and in increments of 1%.

Transactions completed before 3 p.m. will be processed the same business day. Transactions completed after 3 p.m. will be processed the next business day. You may cancel a transaction if you do so before 3 p.m. on the same day the transaction is made. (This does not apply to transactions made from the Self Directed Brokerage Account.)

When using a touch-tone telephone:
  1. Dial 800-392-0925.
  2. Select one of the following menu options:
    Press 1 to use the automated system to check your account balance, ask a general plan question, or speak to a participant service representative
    Press 2 if you are a local employer and wish to speak to the local Jefferson City office
    Press 3 to reach your local ICMA-RC Educational Specialist
    Press 9 to repeat the menu options

When using the automated system:
  1. Enter your Social Security number using the telephone keypad numbers.
  2. Enter your Personal Identification Number (PIN). For first time users, the system will walk you through how to create your PIN. Please note that the PIN is not the same as your online password. If you do not remember the PIN you created, speak to a participant service representative who can reset your PIN. You can press “0” to speak to a Participant Service Representative at any time.
  3. Once you have entered the automated system, it will voice your account balance(s). From the main menu, select the appropriate number for the menu option of your choice. You can press “0” to speak to a participant service representative at any time.

If you are currently employed by the state, you must contact your Division Payroll Officer to change your address. If you have separated from service, you can change your address on the Personal Information page of Account Access, found in the My Profile section under the My Account tab, or by calling the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925.

If you participate in the Self-Directed Brokerage account offered through TD Ameritrade and would like to change your address on their system, you must call, fax or mail a letter of instruction directly to TD Ameritrade. You can also send the address change request through your secure message center within your online TD Ameritrade account. A TD Ameritrade associate will verify that the address change is allowable and update your account. A confirmation letter will be mailed to both your old and new address.

Contact TD Ameritrade at 866-766-4015

401(a)
Assets in your 401(a) source can include employer contributions (which includes the state match when applicable), assets rolled over from other qualified plans, and BackDROP funds that were rolled over to your account at retirement.

Pre-Tax 457
This source includes contributions that are made pre-tax. Your savings in this account, and any investment earnings on those assets, will grow tax-free until funds are withdrawn.

Roth 457
This source includes contributions that are made after-tax. Any savings in this account can be withdrawn tax-free (also known as a qualified distribution) if you are 59 ½ (disabled or deceased) and 5 years have passed since January 1 of the year of your first Roth contribution (including rollovers).

For more information about these sources, see Direct Rollovers to the Plan, Rollovers Portability and Withdrawals From Your Account.

Quarterly statements are available to ALL participants within Account Access. Depending on your account preferences, you will either receive an eDelivery notification when statements are available or paper copies of your statement(s) in the mail. If you do not receive either of these, you can always log on to Account Access in the right sidebar of this site and navigate to the Statements & Confirms section by clicking on View Transaction History in the left menu under the My Account tab. Within the Statements & Confirms section, you can view the most recent version of your statement(s), as well as any archived statements or confirmations.

To change how you receive statements, log on to Account Access, choose My Profile in the the left menu, then choose Services. Click the Update button in the Statement & Confirm Delivery section to adjust your settings. If you would like to receive an eDelivery notification when your statement is available, please ensure your email address is correct by navigating to the Personal Information page under My Profile. Click on the Edit button in the Email Address section to view and/or update your email address.

Please note: Even if you choose to receive your statements by mail, they will still be available to you online within Account Access.

The State of Missouri Deferred Compensation Plan Information Line is an automated telephone system that allows you to access your account 24/7. When you call the State of Missouri Deferred Compensation Information Line at 800-392-0925, you’re asked to enter your Social Security number and Personal Identification Number (for first time callers, the PIN will be the last 4 digits of your Social Security number). Then a recorded voice guides you through the menus, and you make your selections by pressing the appropriate keys on your telephone keypad. (If you are using a rotary phone, you will be connected automatically to a participant service representative, who is available Monday - Friday, 7:30 a.m. – 8 p.m., except on most New York Exchange holidays.)

For those Participants who are hearing impaired, please call 1-800-669-7471.

Check account balances
  • Check fund performance
  • Contact a local education specialist
  • Speak with a participant service representative.

Transactions completed before 3:00 p.m. are effective the same business day. Transactions completed at or after 3:00 p.m. are effective the next business day. (This does not apply to transactions requested from the Self Directed Brokerage Account.)

Generally, quarterly statements are sent to you via eDelivery each calendar quarter within 12 business days. If you prefer to receive your quarterly statement by mail, you can opt-out of eDelivery by logging onto your account via the plan website, or by calling the Plan Information Line at 800-392-0925.

Call the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925 to speak with a Participant Service Representative. Participant Service Representatives are available Monday - Friday, 7:30 a.m. to 8 p.m., except on New York Stock Exchange holidays.

When you log on to Account Access, you may notice your funds are divided by source -- 457 and 401. The 457 portion of your account are the contributions, and earnings on those contributions, you have personally made to the plan. The 401 portion of your account can be any combination of employer contributions, roll-ins from other retirement accounts and BackDROP payments. These separate sources (457 and 401) follow different tax codes and distribution guidelines, so they are recorded and displayed separately within Account Access.

Yes, savers in the deferred comp plan receive quarterly account statements. If you have an email address on file with deferred comp, those statements will be sent via eDelivery.

The eDelivery system is an alternative to traditional mail and is a quick and environmentally friendly way to send plan notifications and confirmations to participants via email.

To view your eDelivery preferences, log on to Account Access, choose My Profile in the left menu under the My Account tab, and choose Services. Click the Update button to view and/or update your eDelivery options. If you would like to receive eDelivery notifications and confirmations, please ensure your email address is correct by navigating to the Personal Information page under My Profile. Click on the Edit button under Email Address to view and/or update your email address.

Please note: Even if you choose to receive your statements and confirmations by mail, they will still be available to you online within Account Access.



Costs

Costs include plan administration fees and investment management fees. The administration fee covers the cost of deferred comp staff, local customer service, call center, education, mailings, printed materials, technology and tools, recordkeeping and the general administration of the plan. Each participant pays only $15 a year ($3.75 per quarter) and 0.09% of assets (part of the investment option expense ratio) for plan administration.

In addition, each investment option charges an investment management fee for the operation of the fund that is included in the expense ratio. The annualized investment management fees are deducted daily from the funds.

Please see the Investments section of this website for each investment option’s fees or you may call the State of Missouri Deferred Compensation Plan Information Line at 1-800-392-0925.

Fee Calculation Example

An account with a balance of $20,000 that is invested in a fund with an expense ratio of 0.25% would incur fees totaling approximately $50 on an annual basis in addition to the plan administration fee of $15. If the same account were invested in a fund with an expense ratio of 0.90%, annual fees would total approximately $180 plus the $15 plan administration fee.



Investments

You have access to an annuity product through our record keeper ICMA-RC. Learn more about the ICMA-RC Income for Life Annuity Program (PDF).
The value of your investments will typically fluctuate every day the stock market is open, and investment earnings are allocated proportionately based on your previous balance in each fund (or within your brokerage account).

For example: If you have $10,000 invested in the Missouri 2030 fund, and 60% of that amount is in the pre-tax source and 40% is Roth, and the share price of the fund increases by 1% over the previous day. The 1% increase, equal to $100 on your $10,000 balance from the previous day, would be split up with $60 allocated to the pre-tax source and $40 allocated to the Roth source.

You designate how to invest your contributions at the time you enroll. To transfer balances, change future contribution allocations or update contribution amounts, log on to Account Access in the sidebar to the right. You can also call the Plan Information Line at 800-392-0925. Please see the How It Works section for more information on the funds.

Transactions completed before 3 p.m. will be processed the same business day. Transactions completed after 3 p.m. will be processed the next business day. You may cancel a transaction if you do so before 3 p.m. on the same day the transaction is made. (This does not apply to transactions requested from the Self Directed Brokerage Account).

Every saver's financial situation and outlook is different. Before choosing an investment option, you should carefully consider your time horizon, tolerance for risk and future financial needs. Visit the Investments page for a better understanding of the options available in the deferred comp plan.

The New York Stock Exchange is open from Monday through Friday 9:30 a.m. to 4:00 p.m. Eastern Time, and will observe the following holidays:

  • New Year's Day
  • Martin Luther King, Jr. Day
  • President's Day
  • Good Friday*
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving Day
  • Christmas

* Please note, the Jefferson City local office will be open on Good Friday.

The Missouri Target Date Funds provide professionally-managed, broadly-diversified portfolios named for different retirement dates. The asset allocations within these target date funds adjust automatically over time. Each fund invests more aggressively in its early years and becomes more conservative as it reaches its time horizon. Learn more about the Missouri Target Date Funds on the Investments page.

The Self-Directed Brokerage (SDB) Account is a brokerage option that offers you investment flexibility. Through the SDB, you will have access to most individual stocks and bonds, and more than 13,000 mutual funds, including 1,300 no-load, no-transaction-fee funds.* You must complete the online application form to set up a separate SDB account before you can trade. Contributions can be made directly to the SDB.

Online Enrollment

  1. Log on to Account Access in the right sidebar.
  2. Choose the Investments tab.
  3. Click Brokerage in the left menu.
  4. Click on the Open an Brokerage Account button on that page.
  5. Follow the instructions provided (enrollment typically takes less than five minutes to complete).

Paper Enrollment

Contact TD Ameritrade at 866-766-4015 to request the self-directed brokerage account enrollment packet by mail.

Once your account is open, you may make your initial transfer into the SDB through the My Account section of Account Access by selecting Manage Funds or by calling the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925.

You must maintain a minimum balance of $500 in the Deferred Compensation Plan and may transfer any remaining plan account balance into the SDB. You can also direct up to 90% of your investment elections to the SDB. There is no annual fee to participate in the SDB, however, transaction fees may still apply. All fees are outlined in the TD Ameritrade Commissions and Service Fees dcoument.


Brokerage services are provided by TD Ameritrade, Inc. a registered broker-dealer and member FINRA/SIPC/ NFA. ICMA-RC and TD Ameritrade are separate, unaffiliated companies and not responsible for each other’s services or policies. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and the Toronto-Dominion Bank. Used with permission.

* A short-term redemption fee of $49.99 applies to no-load, no-transaction fee mutual funds for shares held 90 days or less.



General Questions

For a summary on the differences between plans, please review the Plan Compare Document.

You may be eligible for a credit on your federal income taxes equal to a percentage (up to 50 percent) of the first $2,000 you invest in the plan. The credit is available if your "adjusted gross income" (AGI) does not exceed $61,000* if you are married and file a joint return or $30,500* if you are single or married and file a separate return. If you have questions, please call the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925.

2015 Saver's Credit Limits

Credit Rate Married Filing Jointly Head of Household All Other Filers** 
50% of your contribution AGI not more than $36,500 AGI not more than $27,375 AGI not more than $18,250
20% of your contribution $36,501 - $39,500 $27,376 - $29,625 $18,251 - $19,750
10% of your contribution $39,501-$61,000 $29,626 - $45,750 $19,751 - $30,500
0% of your contribution more than $61,000 more than $45,750 more than $30,500

* Amounts reflect 2015 tax year limits 

**Single, married filing separately, or qualifying widow(er)



Participation

Yes, both the faculty and staff at 10 of Missouri's public universities are eligible to participate in the deferred compensation plan. University employees are unique in that they can participate in and max out BOTH a 403(b) and 457(b) retirement savings plan in the same tax year. For more information, visit mo457.com. Eligible colleges/universities include:

  • Harris-Stowe State University
  • Lincoln University
  • Missouri Southern State University
  • Missouri State University
  • Missouri Western State University
  • Northwest Missouri State University
  • Southeast Missouri State University
  • State Technical College of Missouri
  • Truman State University
  • University of Central Missouri
While you may no longer make contributions to your account, you can keep your money in the deferred compensation plan, even if you're retiring. If you leave your money in the plan, you must begin taking required minimum distributions (RMDs) in the year you turn 70 ½. By staying in the plan after you separate from service, you will enjoy:

  • Penalty-free access to your savings before age 59 ½
  • Competitively priced, custom investment solutions
  • Convenient online account access
  • Dependable customer service

You may lose these privileges — specifically the penalty-free access to your assets — if you roll your deferred compensation plan balance to another account type after leaving state employment.

Below are details regarding the rollover portability of specific retirement accounts types.

You may rollover eligible before-tax distributions to the plan from qualified retirement plans, 401(a) plans, 401(k) plans, 403(b) plans, governmental 457 plans, traditional IRAs and BackDROP funds from MOSERS or MPERS.

You may also roll into the plan after-tax (Roth) contributions from other 457, 401(k), or 403(b) plans that accept and provide recordkeeping for Roth assets. Roth IRA assets cannot be rolled to a 457 plan. Note: If you roll-in Roth assets from another employer’s plan, this may impact the period when you are eligible to receive qualified (tax-free) distributions from your current employer’s plan.

Segregation of rolled-over amounts between different types of plans may be required. For more information, see the Incoming Direct Rollover Form.

The plan, in partnership with our record keeper, ICMA-RC, offers three levels of financial planning designed to help participants and their families address their financial concerns and meet their financial goals.

Our Easy-to-Use Retirement Planning Calculators, previously known as Snapshot Financial Plan, are for early to mid-career individuals who want a quick retirement forecast of their savings needs. It requires minimal time to complete.
Cost: Free to plan participants

The Goal-Specific Financial Plan provides a detailed analysis of one or two financial goals you select, including retirement planning, asset allocation, education planning, major purchases and insurance planning.
Cost: $175 (free to participants who have over $100,000 in total account balances with the plan)

The Comprehensive Financial Plan looks at several aspects of your overall financial situation. It requires significant effort on your part to provide us with the information we need to develop a detailed project for you.
Cost: $450 (free to participants who have over $200,000 in total account balances with the plan)

For more information, please email financialplanning@icmarc.org or contact the Plan Information Line at 800-392-0925.

Note about financial planning: If you complete a financial planning data form, the results will be reviewed with you over the phone by a salaried ICMA-RC CFP® professional.

Participants can elect to contribute a percentage of their pay each pay period. Contributions can be made at a minimum of 1% and adjustments can be made in as little as 0.1% increments. You can also elect to make contributions on a pre-tax and/or after-tax (Roth 457) basis.

You may contribute from the minimum of 1% to 100% of your paycheck, not to exceed the annual maximum set by the IRS. You may defer up to the IRS limit annually as shown in the following table. NOTE: Contribution limits listed below apply to the combination of pre-tax and Roth contributions

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

*Age 50 and Over Catch-up Provision
If you are age 50 and over, you have the ability to make additional catch-up contributions of $5,500 if you contribute the maximum $18,000, for a total of $24,000 to your plan account.

**Pre-Retirement Catch-up Provision
If you are within three years prior to the year of your retirement, you may be able to double the normal contribution limit and contribute $36,000 to your plan. You cannot contribute to the Pre-Retirement Catch-Up and the Age 50 and Over Catch-Up provision during the same tax year.

Contributions will be automatically deducted from your paycheck before taxes are taken out. You must also decide how your contribution will be allocated among your choice of investment options. You can obtain information on the available investment options by going to the Fund Information section of this website.

All Missouri state employees are immediately eligible to participate in the plan. There are no minimum service requirements to fulfill.

To enroll, simply click the Enrollment button in the right sidebar of this site. You will be prompted to enter your social security number, date of birth, zip code and email address. Then, select a user name and password and complete the two security tests to finalize your registration.You may also enroll by calling the State of Missouri Deferred Compensation Plan Information Line, either by using the automated system or speaking with a Participant Service Representative at 800-392-0925. You will need your Social Security number to enroll by phone. For those participants who are hearing impaired, please call 1-800-669-7471.

It is important that you designate a beneficiary to receive your account balance in the event of your death. This should be done as soon as you are enrolled in the plan. You can designate your beneficiary by logging into Account Access from the right sidebar of this site, clicking on My Profile in the left menu below the My Account tab, then choosing Beneficiaries. Follow the prompts to add or update your beneficiary(ies). It's recommended that you establish both primary and contingent beneficiaries.

DuisIf you are a permanent full-time or part-time employee hired for the first time on or after July 1, 2012, you were automatically enrolled in the State of Missouri Deferred Compensation Plan at a 1% contribution. To "opt out" of automatic enrollment, you must login to Account Access (through this website, SEBES or the Missouri State Employees Self-Service portal) and adjust your contribution to zero within 30 days of your official hire date. To adjust your contributions in Account Access, click the Contributions link in the left menu under the My Account tab, then choose the Change My Contribution Amount button toward the top of the page. If you meet the 30 day limit, you will receive a full refund of any contributions. If you do not adjust your contributions to zero within the 30 day time frame, the plan's standard withdrawal options will apply to your account.

The automatic increase feature is an optional tool that allows you to schedule annual contribution increases.

Setting up an automatic increase is simple:

  1. Log on to Account Access, click the Contributions button in the left menu, click the Change My Contribution Amount button at the top of the page, and navigate to the Automatic Increase form.
  2. Enter a percentage (this is how much your contributions will increase by each year) and then enter an anniversary date (this is when the increase will occur each year).
  3. Click the Next button and follow the prompts.

Auto Increase Facts:

  • Auto increase is an optional tool for all contributing plan participants.
  • Your deferrals must be set in percentages to use auto increase.
  • Your contribution increases can be set in one-tenth of one percent (0.1) increments.
  • You can cancel or adjust your auto increase schedule or amount at any time.

Catch-up provisions allow State of Missouri Deferred Compensation Plan participants to save beyond the maximum annual deferral limits established by the IRS.There are two catch-up options for plan participants; however, they may not be used concurrently.

Age 50 and Over Catch-up Provision
This option allows participants who are age 50 or older by December 31 of the current year to defer up to $6,000* beyond the maximum annual deferral of $18,000*.

The Pre-Retirement Catch-up Provision
This provision may be used in one or more of the three calendar years before reaching "normal retirement age." This option allows eligible participants to defer up to $36,000* (twice the maximum deferral) for the year. To find out if you are eligible for this catch-up, please call the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925.

*Contribution amounts reflect 2016 tax year limits.

Beginning on July 1, 2012, new permanent full-time and part-time employees will be automatically enrolled at a 1% contribution each pay period. This will be done by payroll deduction.

Automatic enrollment excludes universities, rehires and previous temporary or seasonal non-benefit eligible employees.

Also see the .



Roth Savings

DuisAny amount converted to the Roth 457 savings source will be taxable as income. The resulting income taxes are payable the year in which the conversion occurs. If you are still employed when the conversion occurs, the taxes cannot be deducted from your deferred compensation balance.
Yes, pre-tax and after-tax (Roth) assets can be transferred separately.
Yes. You can transfer Roth savings from your core account to a Roth-only brokerage account. To do this, you must first set up a Roth-only account within the brokerage window.

For more information:
Log On Once, Access Multiple Brokerage Accounts!
Linking multiple TD Ameritrade accounts together.

Roth Brokerage Account FAQ
General information and frequently asked questions about the Roth-only brokerage account option.
No. Distributions of Roth assets are required to include a proportionate share of contributions and earnings.

For example: If you made Roth contributions totaling $900 and your total Roth balance is now $1,000, then $100 (or 10%) of your total Roth balance is earnings, and any distribution of Roth assets will consist of 90% contributions and 10% earnings.
Pre-tax 457 contributions are made before taxes are deducted from your paycheck. Your savings in the pre-tax 457 account, and any investment earnings on those assets, will grow tax-free until funds are withdrawn. Roth 457 contributions are made after taxes are deducted from your paycheck. Any savings in this account can be withdrawn tax-free (also known as a qualified distribution) if you are 59 ½ (disabled or deceased) and 5 years have passed since January 1 of the year of your first Roth contribution (including rollovers).

For more information related to these two savings options, see Direct Rollovers to the Plan, Rollovers Portability, Withdrawals From Your Account and the 457 Plan Roth Deferrals flyer.
You can transfer Roth-only assets by logging on to Account Access and navigating to the Single Fund Transfer page under the Manage Funds menu option. Once there, select "Contributory Roth" within the Source drop down menu. Choose what fund you're transferring from, the type of transfer (flat dollar or percent), and the amount you'd like to transfer and then click the Next button. Follow the prompts to complete the transaction.
You specify how the contributions to your account will be allocated among the available investments. Your allocation instructions will apply for both pre-tax and Roth contributions.

Roth contributions are made on an after-tax basis and are not subject to taxes when they are withdrawn. In order for the earnings portion of the distribution to be tax-free, the following requirements for a qualified distribution must be met:

  • You must be retired or separated from state service.
  • Five years must have passed since January 1 of the year of your first Roth contribution.
  • You are at least 59½ years old (or disabled or deceased) at the time of the distribution.


Training and Education

Participants may register for an educational event from any page by clicking the gold “Event Registration” button in the upper right hand corner of the website.

Education specialists deliver plan seminars and provide individual consultations across the state. Consult the Educations Specialists page to see who represents your territory or agency.

Participants can also email education specialists directly using the addresses below:



Withdrawing Money

Upon separation of service, notification from your employer — either voluntary, by retirement, or otherwise — you may be eligible to receive payment from your State of Missouri Deferred Compensation Plan account. In the event of your death, your beneficiary will receive payment.

You have several choices regarding the money in your plan account. Before making a request for a distribution, the State of Missouri Deferred Compensation Plan suggests that you check with your Financial or Tax Advisor.

  1. Keeping Money in MO Deferred Comp
    You may keep the entire balance in the plan until age 70½, at which time you must do one of the following (please see the Distribution Options Guide in the Publications section):
    • take required minimum distribution payments
    • take a lump-sum distribution
  2. Payment Options
    You can select one of the following options:
    • Lump Sum — You can elect to receive a one-time distribution for the entire amount of the available portion of your account balance.
    • Lump Sum with Rollover* — You can elect to roll over all, or a portion of your distribution to another qualified plan or IRA.
    • Rollover — You can elect to roll over the balance of your account to another qualified plan or IRA.
    • Installments — You can choose Installment payments on a frequency of your choice (must be made at least annually).
    • Defer Payment — You must elect to receive payment before April 1 after you turn age 70½. If you are age 70½ or older, your payments must meet the required minimum distribution. For more information, please see the Distribution Options Guide, located in the Publications section.
    • Transfer to an Annuity — You may elect to transfer up to 100% of the monies to an annuity. Learn more about the ICMA-RC Income for Life Annuity Program.

Requests for distributions from the plan can be made online in Account Access in the Withdraw Funds section under the My Account tab, through the Plan’s Information Line (800-392-0925), or through the local plan office. Distribution choices and rules can be complicated. You are encouraged to talk with your tax adviser or financial planner before deciding how to take a distribution.

Note: Periodic payments of ten years or more are not eligible for rollover.

*You can elect to have your distribution rolled over to a qualified plan, such as a 401(a) plan, 403(b) plan, 457 plan, or to an IRA (if the plan accepts rollover money from other plans). If you elect a direct rollover, you will owe federal income taxes when you begin taking distributions in the years they are paid to you by the IRA or other plan. Prior to rolling money over, you may want to confirm with the plan receiving the money of any changes that may effect the distribution options of the rolled-in money. If you do not elect a direct rollover, 20% of your distribution(s) from the plan will be withheld for federal taxes. Further, to the extent that you roll over money to a non-457 plan, you should review whether a 10% early withdrawal tax penalty will apply.

The IRS mandates that once you reach age 70½ and are no longer an active state employee, you must withdraw a certain amount of money from your plan account each year. This is known as a required minimum distribution (RMD). You have until April 1 of the year following the calendar year you turn 70½ to take your first RMD. This is known as your Required Beginning Date (RBD). In subsequent years the deadline is December 31.

If this is the first year you are required to receive a distribution, the State of Missouri Deferred Compensation Plan will automatically send your RMD in March of the following year. Following your first payment, the plan will review your account each year to ensure that you are withdrawing the minimum amount required by law. If you do not withdraw enough to satisfy your RMD, the difference will be paid to you by December 31 each year. You can automate your RMD payments by selecting the time of year you receive the funds. Once this payment is established, the system will recalculate your payment every year according to the IRS distribution table. This option also allows you to select your preferred federal and state tax withholding rates. You can set up this automated payment online within Account Access or by calling at participant service representative at 800-392-0925.

The IRS mandates that once you reach age 70½ and are no longer an active state employee, you must withdraw a certain amount of money from your plan account each year. This is known as a required minimum distribution (RMD). You have until April 1 of the year following the calendar year you turn 70½ to take your first RMD. This is known as your Required Beginning Date (RBD). In subsequent years the deadline is December 31.

You may withdraw your annual RMD in one lump-sum, in monthly payments, or you may make withdrawals periodically throughout the year, but the total annual amount must be withdrawn by the deadline. If you would like to request your future RMD be processed in monthly payments or would like to withdraw more than your RMD, you can do so online within Account Access or by contacting a participant service representative at 800-392-0925.

Roth assets can be withdrawn whenever a distribution of non-Roth assets is permitted under the plan (e.g., retirement, termination, emergency situations).

A qualified tax-free withdrawal from a Roth 457 must meet the following requirements:

  • Separation from state service
  • If a period of 5 years has passed since January 1 of the year of your first Roth contribution, and
  • You are at least 59 ½ years of age (or disabled or deceased)

Unforeseen emergency withdrawals from an after-tax Roth 457 source are considered non-qualified for distribution purposes and the earnings portion will be taxed as ordinary income.

Installment payments can be processed on the 1st or 15th of the month (or the next business day). The final deposit typically occurs at your bank or financial institution within 3-4 business days. The processing time for this transaction varies by financial institution, so please follow up with your bank to ensure the payment has been credited to your account.