IRS Increases Contribution Limit to $23,500 for 2025
In 2025, state of Missouri employees can contribute up to $23,500 into their MO Deferred Comp 457 account. That’s a $500 increase from the $23,000 limit in 2024. The catch-up contribution limit for employees age 50 and older will remain at $7,500 for 2025.
Read MoreScary-Smart Retirement Savings
Spooky season and National Retirement Security Month is upon us! This October, the MO Deferred Comp Plan is bringing you scary-smart retirement savings tips, frightening participants facts, and more. Join the plan in celebrating the spooktacular, National Retirement Security Month.
Watch Scary-Smart Retirement Savings VideosDC Update - How Presidential Elections Impact the Market
The presidential election is right around the corner and we want you to be prepared and educated on any market volatility that we may see. Watch the newest DC Update for information on past historical elections and investment performance, plus smart savings tips to keep in mind during this election season.
Watch the DC UpdateDC Update - Have you heard of "Saver Math?"
You've most likely heard of "girl math" or "boy math", but have you heard of "Saver Math?" Watch the newest DC Update to learn more about Saver Math and how it can help you justify saving more for the current and future you!
Watch the DC UpdateDC Update - Start Saving & Investing in 3 Easy Steps
The thought of starting to save for retirement can be a little intimidating. In this DC Update, we'll show you a few different and easy ways you can start saving and investing with the MO Deferred Comp Plan.
Watch the DC UpdateMissouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective fourth quarter 2024 (October 1 – December 31, 2024) will be 2.63%.
Holiday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Monday, September 2nd in observance of Labor Day. Due to the holiday, transactions received via Account Access after 3:00 p.m. Central Time on Friday, August 30th will be processed as of the close of business on Tuesday, September 3rd. Transactions will not be processed on Monday, September 2nd.
Have a great holiday!
2024 Retirement & Savings Survey
We need your help! Take our short, 7-minute survey to help us better serve you by developing more useful educational content, improving participant experiences, and providing support for future enhancements and legislation. Ten participants from each survey will win an awesome prize!
Please click the appropriate survey and age group below to begin:
- Retirement Awareness Survey - active employees age 35 and under
- Retirement Readiness Survey - active employees 36 and older
- Retirement Survey - those retired from state employment
Take the survey
DC Update - Celebrating 50 Years: Retiree Features & More
Great Scott! The MO Deferred Comp Plan is celebrating it's 50th anniversary! In this DC Update, we cover a little history of the deferred comp plan, plus some of the awesome features and options retirees can enjoy with the plan.
Watch the DC UpdateDC Update - Let's Get "Back to Saving" with MO Deferred Comp
Buckle up! The MO Deferred Comp Plan is celebrating it's 50th anniversary! In this DC Update, we cover a little history of the deferred comp plan, plus some interesting facts about the plan and where it's at today.
Watch the DC UpdateDC Update - Are you missing out on the state match?
Don't miss out on free money! In this DC Update, learn how much you should be saving with the MO Deferred Comp Plan in order to receive the state match, and be better prepared for the retirement lifestyle of your dreams.
Watch the DC UpdateHoliday Update
The New York Stock Exchange will close at 12:00 pm Central Time (CT) on Wednesday, July 3rd and will be closed on Thursday, July 4th. The MO Deferred Comp call center will close at 1:00 pm CT on Wednesday, July 3rd and will be closed on Thursday, July 4th. Transactions received after 12:00 pm CT on Wednesday, July 3rd will be processed as of the close of business on Friday, July 5th. Transactions will not be processed on Thursday, July 4th.
Have a great holiday!
Holiday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Wednesday, June 19 in observance of Juneteenth National Independence Day. Transactions received after 3:00 pm CT on Tuesday, June 18, will be processed as of the close of business on Thursday, June 20. Transactions will not be processed on Wednesday, June 19.
Have a great holiday!
Missouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective 3rd quarter 2024 (July 1 to September 30, 2024) will be 2.50%.
Holiday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Monday, May 27th in observance of Memorial Day. Transactions received after 3:00 p.m. Central Time on Friday, May 24th will be processed as of the close of business on Tuesday, May 28th. Transactions will not be processed on Monday, May 27th.
DC Update - Get to Know the MO Deferred Comp Plan
What is the MO Deferred Comp Plan? Watch this short 2-minute DC Update video to gain a better understanding and benefits of saving with the plan.
Watch the DC UpdateDC Update - Roth Savings Option - Participant Questions Answered
Do you have questions about the Roth contribution option? Watch the newest DC Update for answers to frequently asked participant questions.
Watch the DC UpdateDC Update - Stable Income vs. Higher Yielding Savings Accounts & CDs
In this DC Update, we explain why the MO Stable Income Fund interest rate is currently lower than other investment options, how their interest rates are calculated differently, and see past historical data to support it's just temporary.
Watch the DC UpdateHoliday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Friday, March 29, 2024 in observance of Good Friday. Due to the holiday, transactions received after 3:00 p.m. Central Time on Thursday, March 28, will be processed as of the close of business on Monday, April 1. Transactions will not be processed on Friday, March 29.
Have a great holiday!
Missouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective second quarter 2024 (April 1 – June 30, 2024) will be 2.46%.
Holiday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Monday, February 19th, 2024 in observance of President's Day. Due to the holiday, transactions received via Account Access after 3:00 p.m. Central Time (CT) on Friday, February 16th will be processed as of the close of business on Tuesday, February 20th. Transactions will not be processed on Monday, February 19th.
Have a great holiday!
Holiday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Monday, January 15th, in observance of Martin Luther King Junior Day. Transactions via Account Access received after 3:00 p.m., Central Time, on Friday, January 12th, will be processed as of the close of business on Tuesday, January 16th.
Have a great holiday!
2023 Year-End Reminders
See important tax and RMD information for participants who received distributions from the plan in this Participant Update.
View Full UpdateHoliday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Monday, January 1st in observance of New Year's Day. Due to the holiday, transactions received via Account Access after 3:00 p.m. Central Time (CT) on Friday, December 29th will be processed as of the close of business on Tuesday, January 2nd. Transactions will not be processed on Monday, January 1st.
Have a great holiday!
Holiday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Monday, December 25th in observance of Christmas Day. Transactions received after 3:00 p.m. Central Time on Friday, December 22nd will be processed as of the close of business on Tuesday, December 26th.
Have a great holiday!
DC Update - The Financial Education Elf
Grab your candy, candy corn, candy canes, and syrup, and watch MO Deferred Comp's holiday DC Update, 'The Financial Education Elf'!
Watch the DC UpdateMissouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective first quarter 2024 (January 1 – March 31, 2024) will be 2.51%.
2023 Financial Wellness Survey Results
Thank you to everyone who participated in our 2023 Financial Wellness Survey. Your feedback will provide us valuable insights on how state employees are doing financially and will help us improve our outreach efforts.
View survey results & WinnersHoliday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Thursday, November 23rd, and will close early at 12:00 p.m. Central Time (CT) on Friday, November 24th, in observance of Thanksgiving. The local Jefferson City office will be closed on Thursday, November 23rd and Friday, November 24th. Transactions received after 3:00 p.m. CT on Wednesday, November 22nd, will be processed as of the close of business on Friday, November 24th.
Have a great holiday!
IRS Increases Contribution Limit to $23,000 for 2024
The Internal Revenue Service announced that the employee contribution limit for 457(b) plans – like the MO Deferred Comp Plan – will increase to $23,000 in 2024, up from $22,500 in 2023. The catch-up contribution limit for employees aged 50 will remain at $7,500 for 2024.
Read More2023 National Retirement Security Month
Security, we use it every single day and in more ways than we are probably even aware. During National Retirement Security Month in October, we are focusing on one thing, retirement security. We’ll show you some safe cyber security practices, plus you’ll learn a few savings tips throughout the campaign to help prepare you for the future.
Learn MoreDC Update - Financial Self-Care
Treat yourself and make saving more for retirement part of your self-care routine. This DC Update explains how you can show yourself some financial self-care.
Watch the DC UpdateDC Update - RMDs: The Basics
What exactly are required minimum distributions (RMDs)? Learn the basics of RMDs including what they are, the requirements, calculating your RMD, and the various withdraw options available to you in this DC Update.
Watch the DC UpdateMissouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective fourth quarter 2023 (October 1 – December 31, 2023) will be 2.49%.
Take our 2023 financial wellness questionnaire!
The MO Deferred Comp Plan is working hard to ensure we are meeting your retirement savings needs. Help us better serve you by providing valuable feedback in our short survey!
Take the surveyDC Update - Saving Through the Chaos
Sometimes life can be a struggle, but don’t let the chaos keep you from saving for retirement. Learn why saving now rather than later can help you save more in the long run in this DC Update.
Watch the DC UpdateDC Update - Realistic Return Expectations
In baseball, or softball, you can have a few bad games and still have a winning season. The same goes for investing. In the following DC Update, learn what rate of return you should be swinging for when it comes to your investments, and how you can still come out on top even if you have a few underperforming years.
Watch the DC UpdateDC Update - Common Participant Question - "What happens to my account if I pass away?"
Have you ever asked yourself what would happen to your MO Deferred Comp account if you pass away? In this DC Update, learn about the importance of establishing and reviewing your beneficiary designation(s), plus what could happen to your account if you neglect to name a beneficiary.
Watch the DC UpdateHoliday Update
The New York Stock Exchange and MO Deferred Comp call center will close at 1:00 pm Central Time (CT) on Monday, July 3, 2023, and will be closed on Tuesday, July 4th, 2023 in observance of Independence Day. Transactions received via Account Access after 1:00 pm CT on Monday, July 3rd, 2023 will be processed as of the close of business on Wednesday, July 5th, 2023. Transactions will not be processed on Tuesday July, 4th, 2023.
Have a great holiday!
Missouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective third quarter 2023 (July 1 – September 30, 2023) will be 2.45%.
Holiday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed Monday, May 29, 2023 in observance of Memorial Day. Due to the holiday, transactions received via Account Access after 3:00 p.m. Central Time (CT) on Friday, May 26, will be processed as of the close of business on Tuesday, May 30. Transactions will not be processed on Monday, May 29.
Have a great holiday!
Holiday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed Friday, April 7, 2023 in observance of Good Friday. Due to the holiday, transactions received via Account Access after 3:00 p.m. Central Time (CT) on Thursday, April 6, will be processed as of the close of business on Monday, April 10. Transactions will not be processed on Friday, April 7.
Have a great holiday!
DC Update - Feeling Derailed? 5 Tips to Get Back on Track
Sometimes our retirement savings can get derailed over time and we start to notice that our goal is not being met. This DC Update will provide you with some motivation and tips to help get you back on track.
Watch the DC UpdateDC Update - Setting Up Your User ID
Did you know that by not setting up your online MO Deferred Comp account, you could be vulnerable to scammers? Scary, right? Watch the following DC Update to learn about the importance of setting up your online account.
Watch the DC UpdateDC Update - What does saving an additional 1% look like?
It may be tempting to spend your pay raise and then forget to save part of it. By contributing just a portion of that raise to your MO Deferred Comp account, you could make a big impact on your future retirement savings. Watch this DC Update to learn more.
Watch the DC UpdateMissouri Stable Income Fund Rate
The Missouri Stable Income Fund annualized credited rate effective second quarter 2023 (April 1 – June 30, 2023) will be 2.40%.
Find Your Savings Confidence
Join us for America Saves Week to learn how you can find your savings confidence by doing just a few simple tasks and preparing yourself for retirement.
Learn more about America Saves WeekWelcome Kate Kuse!
Kate is the newest addition to the MO Deferred Comp team. She will be serving as the new financial education professional for the northeast and east central portion of the state along with several agencies within Cole County.
Learn more about KateHoliday Update
The New York Stock Exchange and MO Deferred Comp call center will be closed on Monday, January 16th, 2023, in observance of Martin Luther King, Jr. Day. Due to the holiday, transactions received via Account Access after 3:00 p.m. (CT) on Friday, January 13th, 2023, will be processed as of the close of business on Tuesday, January 17th, 2023. Transactions will not be processed on Monday, January 16th.
Have a great holiday!
2022 Year-End Reminders
See important tax and RMD information for participants who received distributions from the plan in this Participant Update.
View Full UpdateSecure 2.0 Intends to Revamp Retirement Savings: Here’s how it affects you and the MO Deferred Comp Plan
The Secure 2.0 Act was designed to help Americans save more for retirement, so what exactly does that mean for you? In this short article, we highlight a few provisions that will affect both you and the MO Deferred Comp Plan in 2023 and 2024.
Learn More