MO Deferred Comp

What MO Deferred Comp does

MO Deferred Comp is the official supplemental retirement savings plan for State of Missouri employees, established by 1974 state legislation and administered by the State of Missouri Deferred Compensation Commission. The plan offers a 457(b) component (with pre-tax and Roth contribution options) paired with a 401(a) Incentive Plan that captures employer matching contributions. New state employees are auto-enrolled at 1% of pay per paycheck, and the State of Missouri matches qualified contributions dollar-for-dollar up to $75 per month, a benefit in place since July 2022. As of March 2024, more than 84% of eligible state employees participate, with average contributions of approximately $190–$200 per month and an average 25-year career balance of $94,166.

The plan's core technology stack consists of Voya Financial's recordkeeping platform and Voya Retire mobile app (deployed in September 2025 following a transition from MissionSquare Retirement), supplemented by Charles Schwab's Personal Choice Retirement Account (PCRA) self-directed brokerage option and a suite of online calculators (Savings-to-Income, myOrangeMoney, Dollar-to-Percent, Required Minimum Distribution). Investment options include Missouri Target Date Funds as the default, a Missouri Stable Income Fund (a stable value fund backed by high-quality bonds, with quarterly declared rates such as 3.02% for Q3 2026), and Schwab's self-directed brokerage window covering 13,000+ mutual funds. Participant engagement is driven by six territory-based Financial Education Professionals, quarterly "Simply Put" newsletters, a podcast ("Closing the Cap"), video tutorials, and the Pocket Change financial wellness program.

Because MO Deferred Comp is a state-government-administered benefit program rather than a commercial entity, it does not generate plan-level revenue in the conventional sense. Administrative and recordkeeping fees are charged against participant accounts and flow to Voya Financial as recordkeeper. The plan serves a captive customer base limited to Missouri state employees, state university employees, and related agencies; geographic expansion is structurally foreclosed by statute. The business is funded by participant contributions, the state match, and contracted service providers, with no fundraising activity and no external ownership.

Name

MO Deferred Comp

Legal name

State of Missouri Deferred Compensation Plan

Website

https://modeferredcomp.org

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

101–250 employees

Short description

MO Deferred Comp is the State of Missouri's 457(b) supplemental retirement savings plan, auto-enrolling new state employees at 1% of pay with a dollar-for-dollar state match up to $75/month and serving 84%+ of Missouri's state and university workforce through Voya recordkeeping and territory-based Financial Education Professionals.

Ownership category

akta.pro rank

Headquarters

HQ city

Jefferson City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 457(b) Plan Administration and Recordkeeping Fees: MO Deferred Comp generates revenue through administrative and recordkeeping fees charged against participant accounts. The plan is administered by the State of Missouri Deferred Compensation Commission and operated as a benefit for state employees. The plan's recordkeeper is Voya Financial. The State of Missouri provides a dollar-for-dollar match up to $75/month for participants contributing at least $25/month to the 457 account. Fee disclosures and plan documents are available on the plan website.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels9 records

Core offering

MO Deferred Comp administers a 457(b) deferred compensation plan and a 401(a) Incentive Plan for State of Missouri employees, providing pre-tax and Roth (after-tax) supplemental retirement savings with automatic enrollment at 1% per paycheck and a State of Missouri dollar-for-dollar match up to $75/month. The plan is administered by the State of Missouri Deferred Compensation Commission, with Voya Financial serving as the recordkeeper and Charles Schwab providing a self-directed brokerage option for participants who want individual securities and mutual funds.

Product overview

MO Deferred Comp offers a comprehensive retirement savings program for State of Missouri employees consisting of two main plan types: the 457(b) Plan for pre-tax and Roth contributions, and the 401(a) Incentive Plan with employer matching. Participants can invest through Missouri Target Date Funds (default option), the Missouri Stable Income Fund for principal protection, or a Self-Directed Brokerage Account through Charles Schwab. The program includes financial planning tools (Savings-to-Income Calculator, myOrangeMoney), the Voya Retire mobile app, and access to Financial Education Professionals throughout Missouri.

Differentiator

Problem solved

Functional benefit

Products and services

• MO Deferred Comp 457(b) Plan A supplemental retirement savings plan for State of Missouri employees that allows pre-tax and/or after-tax (Roth) contributions to provide additional income in retirement. New employees are auto-enrolled at 1% per paycheck through state payroll integration.
• MO Deferred Comp Incentive 401(a) Plan A supplemental retirement savings plan paired with the 457(b) plan, allowing additional employer-matched contributions for state employees (dollar-for-dollar match up to $75/month for participants contributing $25+/month).
• Missouri Stable Income Fund A stable value investment option backed by a portfolio of high-quality bonds, designed to provide principal protection and steady growth with positive returns across interest rate environments. Quarterly declared credited rate (e.g., 3.02% for Q3 2026).
• Missouri Target Date Funds

Quantifiable outcome

• More than 84% of state of Missouri employees participate in the plan (March 2024)
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Voya FinancialcoreTechnology or Integration · 1 September 2025Voya Financial is the plan's current recordkeeper, having transitioned from MissionSquare Retirement in September 2025. Voya provides the online account platform, mobile app (Voya Retire), account statements, confirmations, and participant servicing. The transition included new tools like myOrangeMoney, enhanced security features, and paperless eDelivery.
• Charles SchwabcoreTechnology or IntegrationCharles Schwab provides the Personal Choice Retirement Account (PCRA) self-directed brokerage option for MO Deferred Comp participants. In 2025, enhancements separated 457 and 401 assets into distinct PCRA sub-accounts. Schwab contact: 888-393-7272.
• MOSERS (Missouri State Employees' Retirement System)coreStrategic or Co-development PartnerMOSERS is the primary defined benefit pension plan for Missouri state employees. MO Deferred Comp works in conjunction with MOSERS to help employees understand their total retirement picture. Financial Education Professionals serve MOSERS offices as part of their territory coverage.
• MPERS (Missouri Department of Transportation and Highway Patrol Employees' Retirement System)minorStrategic or Co-development PartnerMPERS serves Missouri Department of Transportation and Highway Patrol employees. Financial Education Professionals include MPERS in their territory coverage, and BackDROP funds from MPERS can be rolled into MO Deferred Comp.
• Pocket Change (mopocketchange.org)minorStrategic or Co-development PartnerPocket Change is a financial wellness workshop program co-promoted by MO Deferred Comp. The program teaches savings, spending, and state benefits. Workshops are delivered via webinar and registration is managed through LearningStream.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Illinois Deferred Compensation Plan: Illinois state government's deferred compensation plan for state employees. Same government-administered 457(b) framework, employer match, and participant education model as MO Deferred Comp.
• Florida Deferred Compensation Plan: Florida's state-government-sponsored 457(b) plan. Directly comparable structure (pre-tax/Roth 457(b), state match, default target date glide path, employer payroll integration) and serves as a structural peer to MO Deferred Comp.
• CalPERS 457 Plan: California's state government deferred compensation / 457(b) plan administered for California public employees. Directly comparable to MO Deferred Comp as a state-sponsored supplemental retirement savings plan with employer match, target date fund default option, and dedicated participant education services.
• Texas Deferred Compensation Program (Texa$aver): Texas state government's supplemental 457(b) retirement plan. Comparable government-sponsored deferred comp vehicle with similar investment menu, education professionals, and state employer match structure, serving as a direct analog to MO Deferred Comp.
• MissionSquare Retirement: MissionSquare (formerly ICMA-RC) is a recordkeeper and plan administrator that previously serviced MO Deferred Comp before the September 2025 transition to Voya. Direct competitor in the public-sector 457(b)/401(a) recordkeeping and administration market with similar participants and offerings.
• Pennsylvania State System Deferred Compensation Plan: Pennsylvania's state government 457(b) plan. Similar government-sponsored deferred comp vehicle with employer match, default target date funds, and participant education infrastructure, comparable to MO Deferred Comp.
• Ohio Public Employees Deferred Compensation Program: Ohio's 457(b) plan for public sector employees. Comparable state-sponsored 457(b) plan with similar investment lineup, education professionals, and employer match structure, making it a functional peer.
• Washington State Deferred Compensation Program (DCP): Washington state's 457(b) plan for public employees. Comparable structure to MO Deferred Comp with employer match, target date default, self-directed brokerage, and dedicated participant outreach.
• New York State Deferred Compensation Plan (NYSDCP): New York state's 457(b) plan for public employees. Same product structure (pre-tax/Roth 457(b), state match, target date default, brokerage window) and similar GTM via workplace channels and field education reps, making it a close functional peer to MO Deferred Comp.

Broad incumbents

• Empower Retirement: Empower is one of the largest U.S. retirement plan recordkeepers serving public-sector and corporate 457(b)/401(k) plans. Comparable recordkeeping technology, participant portal, mobile app, and self-directed brokerage offering, though Empower serves a broader set of plan types and sponsors beyond state government.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MODeferredComp
• YouTubeyoutube.com/MoDeferredComp
• Facebookfacebook.com/MODeferredComp
• LinkedInlinkedin.com/company/state-of-missouri-deferred-compensation-plan?trk=biz-companies-cym
• Instagraminstagram.com/modeferredcomp

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MO Deferred Comp