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Forgot Your Password? Key Features of Plans. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. Search submit search. All percentages must add up to 100% and be in . Voya Retirement Insurance and Annuity Company . Pros and Cons of Taking a Loan. In addition, the State matches dollar for dollar the first 3 percent of contributions each pay period. *Voya typically supports most current browser versions, including the most recent prior release. Voya® sends account statements to participants each quarter. Whatever you decide, if you take the money in cash instead of transferring . Voya-recommended browsers and mobile operating systems. Box 389 • Questions on this form? State of Michigan 401 (k) and 457 Plans. The strategy seeks long-term growth of capital by investing primarily in stocks of large cap companies we believe, based on fundamental analysis, have sustainable above-average earnings growth. Benefits for Life 888-825-8395. 1976, for the exclusive benefit of eligible employees and their beneficiaries. To limit our sharing. 457 contribution limits for 2022. Many financial solutions. Those who prefer a hands-off approach to investing will find a series of retirement funds for their Roth or traditional 401 (k) with target retirement dates at five-year intervals from 2025 to 2055 with individual expense ratios ranging from 0.69% to 0.75%. . The Voya Sites are owned and operated from offices in the United States of America by Voya Services Company, a Delaware corporation with its principal place of business at 5780 Powers Ferry Road, NW, Atlanta, Georgia, on behalf of the Voya companies offering financial products and services in the United States. The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985. 401(k) Plan Forms. Manager: Voya Investment . 800-748-6128 SateOfMi.Voya.com /MichiganORS Stable Value Fund The Plan has been amended and restated since the Plan's original adoption and retitled as the "State of Michigan 457 Plan". 6. Existing Plan Participants and Select Advantage. You would pay $193 per month and end up paying about $1,600 in interest, so that $10,000 would end up being worth $11,600 by the time you paid back the loan. Valuations of these companies may likewise be above the market average. Retirement. Loan Information. Retirement Plans Retirement Plan Customers Enroll in Your Employer's Plan. The State of Michigan has a contract with Voya Financial® to provide record keeping and custody services for the 401(k) Defined Contribution Plan. Read More. Loan Policy Statement. . The forms that can be used for both plans are listed first, followed by forms specific to each Plan. Please scroll down to view all available forms. First name MI Last name The Self-Directed Brokerage Account investment option is a competing fund. Were newly hired by the State of Michigan on or after March 31, 1997. Plus, those who are 50 and older can make "catch-up" contributions. Your Retirement Plan. Fact Sheet: State Street S&P 500® Index Non-Lending Series Fund Class A,Dec2021 INSTFUND The Fund seeks to offer broad, low cost exposure to the stocks of large U.S. companies. Accounts in this Composite typically have approximately 50-70 holdings. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. State of Michigan 401K Plan Table of Contents Independent Auditor's Report 2 Management's Discussion and Analysis 5 . Education by ORS: •Workshops, Webinars and e-Learning Modules On-Demand Webinars: Voya 800-748-6128. 401 (k) State of Michigan 401 (k) Plan. But if you had left that $10,000 in your retirement account, it would have grown into $12,293 by the end of the five years -- a difference of $693. 487 of 1996. If you're not vested when you leave state employment, you're not eligible for a future pension. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. 401 (k) & 457 Plan publications. State of Michigan 401(k) and 457 Plans. For any voluntary benefit enrolled in by the employee, such as Accident Insurance, AD&D, Critical Illness Insurance, Supplemental Term Life Insurance, and Universal Life Insurance. What about my 401(k) and 457 accounts? Step 1: Your information Print in block letters in black or blue ink. Office of Retirement Services. How is the TD Ameritrade SDBA Please contact a customer service representative at 1-800-748-6128 to access your account. b. 401(k) 457; FAQs Forms. Feb 24 2022. Retirement. 401K Plan: Participants in the 401K Plan who are employed by the State of Michigan and certain other State-related entities (excluding "Reporting Units" and the "EAA;" as such terms are defined in the Plan), may take out loans from the 401K Plan. employer-sponsored retirement Plan (Plan), referred to as the "core account" administered by Voya Retirement Insurance and Annuity Company. • Attach your Rollover Check made payable to State of Michigan Pension Plus 401(k) Plan, FBO (your name) • Mail to Voya Financial®, State of Michigan 401(k) and 457 Plans, P.O. Voya has announced changes that will impact the State of Michigan 401(k) and 457 Plans (the Plans). A phishing attack is an online fraud technique that involves sending o cial-looking e-mail messages with return addresses and links that appear to originate from legitimate businesses, often times with corporate branding. All Plans. nav list Question : How do I set up an online loan repayment arrangement now that I have separated from service? Roll the assets into an IRA or Roth IRA. Search submit search. State of Michigan 401(k) Plan ROLLOVER CONTRIBUTION FORM PAGE 1 of 2 V7 . 7 State of Michigan 401(k) & 457 Plans Education by Voya: •State of Michigan Plans Education Hub —Online registration for live webinars and 1-on-1 appointments. If you have been contributing to the state-sponsored 457 or 401(k) plans, Voya Financial® will send you its Payout Guide once your termination is processed. Voya Insights. May 02 2022. Call the Voya Local Education Office at 517-284-4422. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. Forgot UserId. To discuss these changes to the State of Michigan 401(k) and 457 plan, do not hesitate to contact us toll . However, you can contact us at any time to limit our sharing. Please confirm you are entering the correct combination of login information and try again. Your logon attempt has failed. To download the desired publication, simply click on its title in the following list. Single log-in. nav list. Effective July 31, 2017, three funds will be removed as investment options under the Plans and new funds will be added to the line-up. VOYA INSIGHTS. Many financial solutions. State of Michigan 401 (k) and 457 Plans. Sedgwick 800-324-9901. 2021 IRS Contribution Limits. RETIREMENT FINANCIAL DECISIONS . Feb 10 2022. These e-mails typically contain a hyperlink to a spoof website. (You retain the DB insurance Subsidy.) Voya Small Cap Growth Strategy. 401 (k) & 457 Plan forms. In addition, the State matches dollar for dollar the first 3 percent of contributions each pay period." Report Oct 22, 2021 4.0 ★★★★★ . B. . Report a death of a 401 (k) and 457 Plan participant. Voya Insights. Strategy: The Fund invests in a combination of U.S. stocks, international stocks, bonds and cash, and allocates its assets among these funds according to a pre-determined asset allocation strategy. This allows you to hire your own financial advisor to help manage your State of Michigan retirement assets with access to many more investment options than the VOYA platform offers. If final request is denied, you may resubmit all forms and documentation for redetermination to: DTMB, Office of Retirement Services/BPD, 401(k) Plan, P.O. State of Michigan 401(k) and 457 Plans. OK. Manager: State Street Category: Target Retirement Income fund Objective: Provide current income from fixed income securities while maintaining some exposure to equity investments for capital appreciation. Why a 403(b) plan sponsor's internal controls matter. VOYA INSIGHTS. What's new in '22 for 401 (k)s: disclosures for participants about lifetime income. Log-in to stateofmi.voya.com > click on the applicable plan > Loans & Withdrawal section > Loan Payment > Under the applicable loan, . Instead, you may take an State Employees Retirement System Defined Contribution plan website. Identification of Participant, Alternate Payee and Plan Administrator a. Enrolling and Savings. Designate a beneficiary for your 401 (k) and 457 Plans. The performance figures and characteristics of the composite will differ from the State of Michigan's Retirement Plan records because the figures does not deduct custodial expenses. This option gives you the freedom to invest a portion of your plan assets in a self-directed brokerage account that provides access to a wide array of open-end mutual funds. 401 (k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year . There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. Investment Objective The Fund seeks an investment return that approximates as closely as practicable, before expenses, the performance of the S&P 500 Box 55772, Boston, MA 02205-5772 I direct this rollover contribution to be invested in the following fund(s). Session Timeout. Representatives are available 8:30 AM to 5:00 PM Eastern Standard Time, Monday through Friday (except on New York Stock Exchange holidays). Nonqualified Deferred Compensation Account . The plans are offered through the State of Michigan 401(k) and 457 Plans. Write to: State of Michigan 401(k) and 457 Plans P.O. 401(k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year Call 1-800-338-4015. ET Monday through Friday 800-584-6001. Box 30171, Lansing, MI 48909-7671. 401(k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year Call Voya 800-648-6128. Read More. You're a member of the DB plan AND a participant in the DC . Insights. Voya strives to support a new version within six months of its release unless there are issues with stability and/or major compatibility issues. Please click OK to re-enter your account information. If you are over 59 1/2, you do not need to apply for a hardship withdrawal to receive a distribution from the 401(k) Plan. The Participant is [name]. search. Voya Attn: The State of Michigan Plan PO Box 990071 Hartford, CT 06199 . Read up on the latest news and insights to help improve retirement outcomes for you and your participants. this form to request a Coronavirus-related withdrawal from your account. Strategy: The fund invests in a combination of U.S. stocks, International stocks, bonds and cash. 5. Your login attempt was unsuccessful. Voya Small Cap Growth Strategy Fund 110,99 6639 111,663 Jennison Large Cap Growth Equity Fund 299, 1,654961 5 30 1,620 . Welcome to the forms page. Financial literacy: Your complete money mastery blueprint. Access and manage your 401 (k) and 457 Plan accounts. Forms. The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985, pursuant to Act 306, P.A. The Participant's address is [insert street, city, state, and zip code]. . Rolling Over a 401 (k) When you leave an employer before retirement, you have four options for your 401 (k). Questions about the plan in general or the participant's specific account questions can be answered by calling the Voya toll-free number . 401(k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year 38.1151, for the exclusive benefit of eligible Employees and their beneficiaries. Examples of competing funds are money market funds, short-term bond funds or another investment option within the plan that contains a guarantee of principal. Apr 05 2022. Retirement Services had you been invested during the period shown. Session Timeout. Participants can make contributions to any combination of the pre-tax 401 (k) or Roth 401 . Your Retirement Plan. You can: Keep your 401 (k) with your former employer. This qualified defined contribution plan is established by the State of Michigan pursuant to M.C.L. May 03 2022. State of Michigan 401(k) and 457 Plans. Manager: State Street Category: Target Retirement date fund Objective: Provide moderate capital appreciation and some stability of principal for investors planning to retire in approximately the year 2050. For more complete information, or to obtain a prospectus on any Voya fund, please contact your investment professional or Voya Investments Distributor, LLC at (800) 992-0180 for a prospectus . 457 Plan: Effective January 13, 2014, all participants in the 457 Plan may take An IRA can be an effective retirement tool. Call our toll-free number (855) 685-9519 - our menu will prompt you through your choice. •Quarterly Education Schedule —Listing of all education offerings for the quarter. Employees of state and local governments can stash more money in their 457 plans in 2022 than in 2021. I'm NOT VESTED. search. Section 2. Skip to Footer. . The Plan was amended as of March 31, 1997 to implement a defined contribution retirement fund. If you have any questions, please go online at https://stateofmi.voya.com or call the State of Michigan 401(k) Plan Service Center at 1-800-748-6128 (TTY/TTD users call 1-800-276-4106). 401k & 457 Plans. Strategy: The Fund invests in a combination of U.S. stocks, international stocks, bonds and cash, and allocates its assets among these funds according to a pre-determined asset allocation . Back to Login. A. Frequently Asked Questions. Manager: State Street Category: Retirement date fund Objective: Provide moderate capital appreciation and some stability of principal for investors planning to retire in approximately the year 2045. While you are still working you can take advantage of a Self-Directed Brokerage option. Manager: Voya Investment Management Co. LLC Category: Small Cap Growth Objective: Seeks capital appreciation. 401 (k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year . 5 Financial tips to help you finally prioritize your mental health this year. Customer Service Associates are available Monday through Friday, 8:00 A.M. to All requested personal information is required to be completed. Began your state employment under the DB plan and chose to transfer to the DC plan under P.A. At retirement or termination of employment you are eligible to rollover your . Cash out. More information about the 457 Plan can be found at StateOfMi.Voya.com by choosing Public School Employees under the Plan Information drop-down menu, clicking the Plan Highlights link, and then answering questions about the employee's plan. Retirement. Login Notice. This Order applies to benefits under the 401K Plan known as the State of Michigan 401(k) Plan. Composite net performance figures are shown net of Jennison investment advisory fees. Read More. The Plan was originally established by the State of Michigan in 1974 for the exclusive benefit of eligible State of Michigan employees and their beneficiaries. Do not write outside the boxes. Michigan Civil Service Commission. 401(k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year DOL informs 401(k) plan fiduciaries about offering cryptocurrency investments. Per website, "The State of Michigan contributes an amount equal to 4 percent of pay into an account established for participants in the State of Michigan 401 (k) Plan. 401(k) 457; FAQs Forms. . State of Michigan 401(k) and 457 Plans. Hardship Withdrawal; 401(k) Rollover Contribution; What should I do? A new disclosure requirement for ERISA-covered defined contribution plans* requires compliance starting this year, and some remaining uncertainty shouldn't prevent ERISA-covered defined contribution plan sponsors from taking action. The State of Michigan contributes an amount equal to 4 percent of pay into an account established for participants in the State of Michigan 401 (k) Plan. State of Michigan 401(k) and 457 Plans. Voya Insights. Single log-in. 888-311-9487. The Participant's social security number is [insert ssn}. Voya Insights. Please note: If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice.When you are no longer our customer, we continue to share your information as described in this notice.. 3 ways your office 401(k) gives you . Voya Retirement Insurance and Annuity Company Hours: 8 a.m. to 9 p.m. Consolidate your 401 (k) into your new employer's plan. The fund emphasizes fixed income investment over stocks. 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