State of Michigan 401(k) and 457 Plans

Frequently Asked Questions

Question :
How do I change my bi-weekly deferral percentage?

Answer :
You may change your contribution percentage or dollar amount in 0.1% (one-tenth of one percent) or whole dollar increments at any time through the website using the Manage Contributions portion of the Contributions & Savings section or by calling the Plan Information Line at 800-748-6128. Note that contributions must be made in percentage increments in order to receive an employer matching contribution.

Any changes you make to your contribution amount will usually take effect within two pay periods, depending on when you make the change. Changes may be made at any time, and a confirmation statement will be mailed to your address of record.

In order to receive the employer matching contributions, Defined Contribution Plan participants must make deferral elections in the form of a percent (%) of their pay. A contribution submitted in a dollar ($) format will not be processed.