State of Michigan 401K Plan

126 employees reported this benefit
4.2
42 Ratings

Employer Summary

Employer Verified Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 42
Sep 28, 2020
Current Employee

401k matching is higher than other companies

Jun 29, 2020
Current Office Administrator in Lansing, Michigan

Great plan with matching benefits.

Mar 26, 2020
Former Employee

The best thing is that the state of Michigan matches your contribution but that’s it. No pension.

Jan 19, 2020
Current Employee

Not a huge selection of funds to pick from but they do put in up to 7 percent.

Jun 6, 2019
Former Employee

Good plan with employer match options. Little to no advising though and had to rely on an advisor you'll never meet.

May 14, 2019
Current Employee

Best thing is they match on 401k, worst thing is they ended the State's pension plan.

Mar 4, 2019
Former Employee

savings match that is wonderful

Dec 6, 2018
Former Correctional Officer in Whitmore Lake, Michigan

The 401k is pretty good the State matches a good percentage. The 401k VOYA website helps you navigate your retirement plan fairly easy. In addition, you can call advisors for free for explanation of plans that fit your needs.

Nov 6, 2018
Current CPS in Detroit, Michigan

The company will match what you put into your 401K.

Oct 4, 2018
Current Employee

the amount the State matches

Viewing 1-10 of 42