NAVIGATE THE STATE OF MICHIGAN 401(k) & 457 PLAN OPTIONS

Understand your retirement options
You have 2 plan options: the Pension Plus 2 or the Defined Contribution plan. Both plans have a State of Michigan 401(k) and 457 plan. Employee contributions are placed in the Pension Plus 457 Plan or the Pension Plus 2 457 Plan and the employer match contributions are put into a separate plan, the Pension Plus 401(k) Plan or the Pension Plus 2 401(k) Plan.
DO YOU NEED HELP NAVIGATING YOUR STATE OF MICHIGAN 401(k)/457 PLAN OPTIONS?
Our advisors now offer advisory services through Lincoln Investment for your State of Michigan 401(k)/457 plans. We’ll help you understand and expand your options.
MORE CHOICES
Your current state plan only has 16 investment choices.
Our advisors can open the door to thousands of options.
LESS STRESS
Your retirement money stays in the state plan and you receive help from a financial advisor.
Access investments that fit your needs and goals.
888-844-7872
SPEAK WITH A LOCAL, DEDICATED ADVISOR
YOUR RETIREMENT PLAN BENEFITS

Tax Savings
The amount you contribute to your 401(k) and 457 Plan on a pre-tax basis (before taxes are taken out of your paycheck), that means your current taxable income is reduced by the amount you contribute to retirement.

Employer Match
You were automatically enrolled in the 457 Plan and your employer automatically began matching your contributions in the 401(k) when you first started. That means your employer is putting money aside for your future along with you! The employer will match up to 5% of your contributions.

Control Over Your Future
You can take control over the retirement goals you have by contributing to your plan now. Social Security typically only covers a portion of your expenses. Take control by investing in your future.
YOU CONTROL YOUR FUTURE
Choose how much you want to save
Choose how you want to invest your contributions
Choose a beneficiary for your account
Rollover money from your previous employer’s plan into the State of Michigan Plan
Prior to rolling over assets from an employer-sponsored retirement plan, it’s important that you understand your options and do a full comparison on the differences in the guarantees and protections offered by each respective type of account as well as the differences in liquidity/loans, types of investments, fees and any potential penalties.
RESOURCES

Key Features
Learn about the 457 and 401(k) plan features for Michigan State Public School Employees.

Retirement Decision Guide
The Michigan Office of Retirement Services has put together a guide to help you understand the differences between the Pension Plus 2 Plan and the Defined Contribution Plan.
888-844-7872
SPEAK WITH A LOCAL, DEDICATED ADVISOR
M3 is available to speak with you about your plan and help you gain clarity on your options.
The Lincoln Investment family of companies nor any of its representatives is affiliated with the State of Michigan's 401(k)/457 Plan; and the State of Michigan's 401(k)/457 Plan does not sponsor, authorize or endorse the retirement educational services described in this or other communications of Lincoln Investment.