Try the SMarT Plan
For years you have heard about the importance of saving more for retirement. Ohio Deferred Compensation now has a way to make it easier than ever. It is a savings plan called the “Save More Tomorrow” plan or SMarT Plan.
How does SMarT work?
It’s a painless way to save more. By enrolling in the SMarT Plan, your pre-tax payroll deferral amount will automatically increase each year by the amount you specify (not to exceed the annual limit allowed by law). Most SMarT Plan participants schedule their deferral increases to occur at the same time as their annual pay raise. Because the SMarT increase is likely to represent only a portion of your annual pay raise, your take-home pay should continue to increase. Each year, the additional deferral amount will be invested in the same manner as your investment allocation at the time of the increase. Investing involves market risk, including possible loss of principal.
How do I sign up for SMarT?
It's Easy! Click "Participant Services," on this site and then click the SMarT Plan "Quick Link" in the lower right corner to download the simple form. Fill it out and return it to the Program. Or, call the Program’s Service Center toll-free at 1-877-644-6457 and tell them you want to start saving the SMarT way. Your automatic annual deferral increase will take place each year in the month you specify.
What if I sign up, but later change my mind?
No Problem! You can always change your SMarT increase amount or reset to your regular deferral amount by contacting the Program. You can re-enroll in SMarT later if you choose.
Get SMarT! Enroll today!