State of Michigan 401K Plan

128 employees reported this benefit
4.1
43 Ratings

Employer Summary

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

Employee Comments

Showing 11–20 of 43
Oct 4, 2018
Current Employee

the amount the State matches

May 6, 2018
Current Employee

Many options for investments are offered

Mar 21, 2018
Current Employee

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
Current CQMHP in Adrian, Michigan

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

Mar 5, 2018
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.

Mar 7, 2018
Current Federal Healthcare Surveyor in Lansing, Michigan

4% employer match, paycheck deductions

Dec 18, 2017
Current Eligibility Specialist in Detroit, Michigan

The 401K plan allows you to borrow from it and you can also submit a hardship withdrawal if times get tough. You can get a withdrawal to pay for rent, a new primary residence and various other reasons

Nov 29, 2017
Current Assistance Payments Worker in Grand Rapids, Michigan

Company match is good.

Oct 23, 2017
Former Family independence supervisor in Saginaw, Michigan

Up to 200 percent matching as with drawl is allowed and payback is deducted prior to taxes.

Oct 18, 2017
Current Work Zone Co-op in Lansing, Michigan

The 401K plan is great if youre a full time employee. I was an intern so i couldnt really utilize it.

Viewing 11 - 20 of 43 Reviews