State of Michigan Employee Benefit: 401K Plan | Glassdoor

State of Michigan 401K Plan

116 employees reported this benefit

4.2
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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 38
  • Jun 06, 2019
    StarStarStarStarStar Former Employee in Mount Pleasant, Michigan

    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
    StarStarStarStarStar Current Employee in Lansing, Michigan

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

  • Mar 04, 2019
    StarStarStarStarStar Former Employee in Lansing, Michigan

    savings match that is wonderful

  • Dec 06, 2018
    StarStarStarStarStar 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 06, 2018
    StarStarStarStarStar Current CPS in Detroit, Michigan

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

  • Oct 04, 2018
    StarStarStarStarStar Current Employee in Lansing, Michigan

    the amount the State matches

  • May 06, 2018
    StarStarStarStarStar Current Employee in Lansing, Michigan

    Many options for investments are offered

  • Mar 21, 2018
    StarStarStarStarStar Current Employee in Lansing, Michigan

    The matching is decent, as long as you are paying in the full amount. It takes a very long time to get vested at 100% though, so don't expect to switch employers in 2 years and bring all of your 401K with you.

  • Mar 16, 2018
    StarStarStarStarStar Current CQMHP in Adrian, Michigan

    9% match but you must work for 5 years to be vested

  • Mar 05, 2018
    StarStarStarStarStar Current physical plant supervisor in Jackson, Michigan

    4% minimum then 3% match on 401k. max benefit is 7% and an additional 2% for health care purchase after retirement. limited plans allowed to invest in. limited access on how often you are allowed to move money.


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