Massachusetts Deferred Compensation Smart Plan Investment Options

Investment Options. The SMART Plan offers an investment fund lineup with a broad range of asset classes. To learn more about an individual investment option, review the fund. Information on the SMART Plan (MSRB) The Massachusetts Deferred Compensation SMART Plan is a voluntary retirement savings program. Log in to your SMART Plan Account here.

Participating in the Massachusetts Deferred Compensation SMART Plan may help provide a more comfortable and secure financial future. The Plan is established under the Internal. Massachusetts Deferred Compensation SMART Plan. When it comes to investing, people have different comfort levels and experience.

To make the investment process as simple as possible, the Massachusetts Deferred Compensation SMART Plan offers you two paths to investing for retirement. Learn more today! This option allows you to select from a wide array of open-end mutual funds, which are not available through the SMART Plan, for additional fees.

This option is appropriate for knowledgeable investors who acknowledge and understand the risks associated with many of the investment options contained in the SDBA. This is a Web-based feature only.

Massachusetts Deferred Compensation SMART Plan. Fund Overview. Target Date. SMARTPath Retirement Allocation Fund. SMARTPath Retirement Fund. SMARTPath Retirement Fund.

SMARTPath Retirement Fund. SMARTPath Retirement Fund. SMARTPath Retirement Fund. Collective Trust Fund Option. A ticker symbol is not available for this investment option. Massachusetts Deferred Compensation SMART Plan - Mandatory OBRA - Fund Objectives as of 04/30/ May Investment Options at a Glance Page 2 of 2File Size: 38KB.

The Massachusetts Deferred Compensation SMART Plan is established under Internal Revenue Code Section You decide, within IRS legal limits, how much of your income you want to defer.

Your employer will reduce your paycheck before tax by that amount. Contributions are invested in the investment options you select. enroll in the SMART Plan, your contributions will be invested in the Plan’s default investment option, the SMARTPath Retirement Funds. Please see the chart below to determine which SMARTPath Retirement Fund you will be defaulted into. You can find detailed information regarding the default option in which you are enrolled.

Massachusetts Deferred Compensation SMART Plan Supplemental plan 21 traditional, 13 target date Washington State Hybrid Plan (Plan 3) Defined Contribution Component DC component of a hybrid plan 8 traditional, 13 target date In contrast, many state DC plans offer many more investment options. A review of optional DC plans and hybrid.

Massachusetts deferred compensation smart plan investment options

This brochure explains the SMART Plan's two paths to investing for retirement. OBRA Plan Highlights. This information guide explains basic facts about OBRA/part-time employees and the SMART Plan. Catch-Up Contributions. This information guide provides details on Age 50+ and Special Catch-Up options. Contribution Limits. This information guide.

Two Additional Ways to Enroll. 1. Contact your local representative or call the SMART Plan Customer Service Center at () Your local representative will help you: Know the features and benefits of the Plan. Understand which specific options in the Plan may be suitable for you. Complete the enrollment forms. 2. Deferred Compensation SMART Plan (SMART Plan) account balance in the Plan.

In fact, you have a number of options with your SMART Plan account. Continuing to save in the SMART Plan may provide you with better retirement opportunities than other investment products. SIX REASONS TO STAY WITH THE SMART PLAN 1.

{{("logon." + vinciconoralb.itessage) | translate:vinciconoralb.itessageParams}} {{"vinciconoralb.ititle" | translate}}. Massachusetts Deferred Compensation SMART Plan Page 1 of 2 PARTICIPANT FAX TO: (or) MAIL TO: Empower Retirement™, Bear Hill Road, Waltham, MA Upon completion, the following SMART Plan Quick Enrollment Form can be either faxed toor mailed to: Empower Retirement Bear Hill Road Waltham, MA Questions?

Email SMART. can keep your Massachusetts Deferred Compensation SMART Plan (SMART Plan) account balance in the Plan. In fact, you have a number of options with your SMART Plan account.

Continuing to save in the SMART Plan may provide you with better retirement opportunities than other investment products. SIX REASONS TO STAY WITH THE SMART PLAN 1.

Massachusetts Deferred Compensation SMART Plan (SMART Plan).1 The SMART Plan is an alternative to Social Security as permitted by the federal Omnibus Budget Reconciliation Act of (OBRA).

OBRA, passed by the U.S. Congress, requires that beginning July 1,employees not eligible to participate. · The Deferred Compensation Committee (the “Committee”), the oversight committee for the Commonwealth of Massachusetts Employees Deferred Compensation Plan (the “Plan” or the “SMART Plan”), met, pursuant to notice, at the offices of the Commonwealth of Massachusetts Office of the Treasurer and Receiver General on the 12th Floor of the.

To obtain additional information regarding the Massachusetts Deferred Compensation SMART Plan (SMART Plan), you may contact your local SMART Plan representative at () (say “Representative”), between the hours of a.m. and p.m. ET. You may also contact a local Plan representative. The Office of the State Treasurer and Receiver General has selected AllianceBernstein L.P. (AB) to help manage the Massachusetts Deferred Compensation SMART Plan's series of custom target-date funds. In this role, AB designs, monitors and actively manages the asset allocation and glide path of the SMARTPath Retirement Funds.

Additional information can be obtained by calling TD Ameritrade at TD Ameritrade and GWFS Equities, Inc. are separate and unaffiliated. Empower Retirement refers to the products and services offered in the retirement markets by Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West. Tax-Deferred Compensation/Annuity Plans (b) & (b) As an employee of the University of Massachusetts, you have two valuable retirement investment options available to you: the University of Massachusetts (b) Elective Deferral Savings Plan, which Fidelity serves as the third party administrator and record-keeper, or the Commonwealth of Massachusetts (b) Deferred Compensation Plan (SMART Plan).

Massachusetts Deferred Compensation SMART Plan Investment Option Information (applies to all contributions) Massachusetts Deferred Compensation SMART Plan - Mandatory OBRA Last Name First Name Social Security Number Address - Number & Street E-Mail Address.

Massachusetts Deferred Compensation SMART Plan - Mandatory OBRA Investment Option Information Compliance With Plan Document and/or the Code - Participation in this Plan is mandatory.

A deduction will be taken from your wages and invested. Massachusetts Deferred Compensation SMART Plan Participant Information Last Name First Name MI Social Security Number Address - Number & Street E-Mail Address allocating them to the default investment option selected by the Plan.

If no default investment option is selected, funds will be returned to the payor as required by law. Important Notice: Employees participating in the Massachusetts Deferred Compensation SMART Plan - OBRA Mandatory Plan (the Plan) must complete Social Security Form SSA The Plan has been designated as an alternative retirement system for part time employees not covered by their employers retirement system.

Call your SMART Plan Service Center at () and speak with an AAG Adviser Representative. Online Investment Guidance and Online Investment Advice enrollment is simple: Log in to vinciconoralb.it and click on the "Empower Retirement Advisory Services" menu option to access Online Investment Guidance and Online Investment Advice.

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Deferred Compensation – SMART Plan. The Deferred Compensation Plan allows Commonwealth of Massachusetts' employees to set aside a portion of earnings through a payroll deduction as an investment for retirement. The maximum contributions are defined by the IRS according to specific guidelines, including additional contributions if the individual is age 50 or. Massachusetts Deferred Compensation SMART Plan (SMART Plan). 4. The SMART Plan is an alternative to Social Security as permitted by the federal Omnibus Budget Reconciliation Act of (OBRA).

OBRA, passed by the U.S. Congress, requires that beginning July 1,employees not eligible to participate in their employer’s. Plan for a more comfortable retirement with a (b) supplemental retirement savings plan: Tax-deferred saving and investing.

Diversified menu of investment options at low fees. 1. Free financial education and online planning tools. 2. Learn more about the Massachusetts Deferred Compensation SMART Plan. Massachusetts Deferred Compensation SMART Plan -Mandatory OBRA. Basic Facts About OBRA and the Massachusetts Deferred Compensation SMART Plan.

As a part-time, seasonal or temporary employee ofthe Commonwealth of Massachusetts or a Massachusetts local Investment Option. All mandatory contributions to the SMART Plan will be invested in the.

Massachusetts Deferred Compensation Plan Passes $10B Asset ...

Massachusetts Deferred Compensation SMART Plan (SMART Plan).4 The SMART Plan is an alternative to Social Security as permitted by the federal Omnibus Budget Reconciliation Act of (OBRA). OBRA, passed by the U.S. Congress, requires that beginning July 1,employees not eligible to participate in their employer’s. enhancements coming to the SMART Plan as I m.

Happy New Year! continued on page 3 update Choices and tools for managing your investment portfolio As a temporary, seasonal or part-time employee, you are allowed to make voluntary pre-tax contributions to the Massachusetts Deferred Compensation SMART Plan in addition to the percent of gross.

Massachusetts Deferred Compensation SMART Plan The Roth Option: Is It Right for You? SAVE MONEY AND RETIRE TOMORROW Your Plan accepts Roth contributions, giving you the flexibility to designate all or a portion of your elective deferrals as Roth contributions.

Roth after-tax contributions and traditional before-tax deferrals. Important Notice: Employees participating in the Massachusetts Deferred Compensation SMART Plan -OBRA Mandatory Plan (the Plan) must complete Social Security Form SSA The Plan has been designated as an alternative retirement system for part time employees not covered by their employers retirement system.

Division Name To Be Completed By Representative: Division ...

Massachusetts Deferred Compensation SMART Plan - Voluntary OBRA Participant Information Last Name First Name MI Social Security Number allocating them to the default investment option selected by the Plan.

If no default investment option is selected, funds will be returned to the payor as required by law. Once an account has been. Massachusetts s. Deferred Compensation and Buybacks complete your buyback. For example, if you don’t have enough money in your deferred comp account to cover the entire cost of the buyback, start a minimal contribution through payroll deduction.

At the same time increase your SMART Plan contribution (or if you haven’t already. · The Massachusetts deferred compensation Smart Plan has received the leadership recognition award from the National Association of Government Defined Contribution Administrators.

Smart, an Estimated Reading Time: 2 mins. INVESTMENT OPTION RETURNS FOR THE MONTH ENDING AP SAVE MONEY AND RETIRE TOMORROW Investment Options at a Glance Published on 5/14/ Page 2 of 9 INTERNATIONAL Ticker Returns as of Month Ending 4/30/21 Calendar Year Returns Expense Ratio Gross/Net Inception Date of Fund 1 Month Year to Date Last 3 Months 1 Year 3 Years 5.

· The deferred compensation plan for Massachusetts employees has surpassed $10 billion in assets under management thanks to outreach and education, according to state Treasurer Deborah vinciconoralb.itted Reading Time: 3 mins. · Finally, most deferred compensation plans allow the participant to choose investment options for their deferred compensation balances, much like a menu of investment options for a (k).

Massachusetts Deferred Compensation SMART Plan - Voluntary OBRA Social Security Number E-Mail Address Participant Information Last Name First Name Ml allocating them to the default investment option selected by the Plan. If no default investment option is selected, funds will be returned to the payor as required by law.

The Ins And Outs Of Deferred Compensation Plans | Merriman

Once an. · The Massachusetts Deferred Compensation SMART Plan is a retirement savings program available for Commonwealth of Massachusetts state and municipal employees. Eligible employees can save and invest before-tax and after-tax dollars through salary deferrals into our wide array of low fee investments options.

Plan for a more secure and comfortable retirement with a (b) supplemental retirement savings plan. Massachusetts Deferred Compensation SMART Plan — It’s easy to get started! Contact your local Retirement Plan Advisor to set up an enrollment meeting or Retirement Readiness Review 1-on-1 meeting that is convenient for you.1 MICHAEL O’BRIEN. Even after a lifetime of saving and investing, you still need answers to questions such as: but you also can get the help of professional investment experts in designing a plan to meet your retirement income goals.

When you participate in any of the Advisory Services options (Online Investment Guidance, Online Investment Advice or the. Massachusetts Deferred Compensation SMART Plan The Roth Option: Is It Right for You?

SAVE MONEY AND RETIRE TOMORROW Your Plan accepts Roth contributions, giving you the flexibility to designate all or a portion of your elective deferrals as Roth contributions. Roth after-tax contributions and traditional before-tax deferrals. Massachusetts Deferred Compensation SMART Plan is a defined contribution plan. and over $B in plan assets. Commonwealth of Massachusetts Deferred Compensation k Rating by BrightScope. · The plan may or may not have investment options available.

If investment options are available, they may not be very good (limited options and/or high expenses). If you leave your company or retire early, funds in a Section A deferred compensation plan aren’t portable.

A Beginner's Guide To Deferred Compensation | Kiplinger

They can’t be transferred or rolled over into an IRA or new employer. · Most deferred comp plans offer investment options similar to (k) plans, but you need to determine your risk tolerance and when you will be receiving the deferred compensation. If you have decades until you’ll take distributions, you may opt for more risk to increase your potential returns.

· The office already has the infrastructure for the program in place with the Deferred Compensation SMART Plan, a program for state employees. The Deferred Compensation department within the office of the state treasurer currently is already staffed, and it is estimated that an additional one or two staff members would be needed to oversee a.

· Its nonqualified counterpart still shares many of the core features of a (k). SERP plans offer savings well in excess of a (k), but they are inflexible in several other ways. Here are a few ways deferred compensation plans compare to a (k). How a deferred compensation plan is the same (or similar) to a (k) plan.

Pre-tax contributions.

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