MO Deferred Comp
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.
- Company typePrivate
- Founded1974
- HeadquartersJefferson City, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
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.
MO Deferred Comp firmographics
Firmographics- 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
Where MO Deferred Comp is headquartered
LocationHeadquarters
- HQ city
- Jefferson City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MO Deferred Comp business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | State Match: Participants contributing $25/month receive a dollar-for-dollar state match up to $75/month |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels9 records
MO Deferred Comp product offering
Product offeringCore 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
Companies that use MO Deferred Comp
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles2 records
MO Deferred Comp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
MO Deferred Comp partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Voya FinancialcoreVoya 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 SchwabcoreCharles 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)coreMOSERS 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)minorMPERS 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)minorPocket 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
MO Deferred Comp competitors and assessment
Company assessmentDirect 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
MO Deferred Comp social profiles
Digital presenceMO Deferred Comp financial estimates
Financial estimateRevenue estimate
Valuation estimate
MO Deferred Comp leadership team
Management profileNumber of profiles
Profiles6 records
MO Deferred Comp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MO Deferred Comp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MO Deferred Comp
What does MO Deferred Comp do?
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 $75/month. The plan is administered by the State of Missouri Deferred Compensation Commission, with Voya Financial serving as the recordkeeper and Charles Schwab providing a self-directed brokerage option for participants who want individual securities and mutual funds.
Is MO Deferred Comp a public or private company?
MO Deferred Comp is a private company. It is classified as state government owned and is currently operating.
When was MO Deferred Comp founded?
MO Deferred Comp was founded in 1974. It employs 101 to 250 people.
Where is MO Deferred Comp based?
MO Deferred Comp is headquartered in Jefferson City, United States, in the North America region.
How does MO Deferred Comp make money?
One revenue line is on record: 457(b) Plan Administration and Recordkeeping Fees.
Who are MO Deferred Comp's main competitors?
Direct peers on record are Illinois Deferred Compensation Plan, Florida Deferred Compensation Plan, CalPERS 457 Plan, Texas Deferred Compensation Program (Texa$aver), MissionSquare Retirement, Pennsylvania State System Deferred Compensation Plan, Ohio Public Employees Deferred Compensation Program, Washington State Deferred Compensation Program (DCP) and New York State Deferred Compensation Plan (NYSDCP). Empower Retirement is listed as a broad incumbent.
Does MO Deferred Comp have an API?
No public API is recorded for MO Deferred Comp.