MSRP- Maryland State Employees Supplemental Retirement Plans Email Format

Government AdministrationMaryland, United States11-50 Employees

MSRP- Maryland State Employees Supplemental Retirement Plans operates as a government-administered program offering defined contribution retirement options for Maryland state employees and educators. The plans, which are funded through payroll deductions, include a 457(b) Deferred Compensation Plan, a 403(b) Tax Deferred Annuity Plan, and a 401(k) Savings and Investment Plan, with tax treatment varying by plan type. A nine-member Board of Trustees, appointed by the Governor and drawn from state agencies and related boards, oversees the trust and governance of the retirement programs. Based in Baltimore, Maryland, the organization serves state employees by providing voluntary retirement savings vehicles designed to supplement primary pension benefits. The company is positioned within the government administration sector, focusing on employee benefits administration and fiduciary oversight for state workers.

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