Updates to DC Feedback File for Employees in the Defined Contribution (DC) Plan
Michigan Office of Retirement Services sent this bulletin at 02/13/2018 04:03 PM ESTUpdates to DC Feedback File for Employees in the Defined Contribution (DC) Plan
The Office of Retirement Services heard your concerns and updated the DC Feedback File for employees who were first hired on or after September 4, 2012 and are in the Defined Contribution (DC) Plan.
Some of your employees in the DC plan may have inaccurately shown a member DC deduction decrease from 6% to 3%. ORS has corrected the DC contribution amount to 6 percent and the change is now visible on your DC Feedback File. The effective date has not changed. Please review your DC Feedback File and update your payroll records as necessary.
If you have questions, please contact Employer Reporting at ORS_Web_Reporting@michigan.gov or 517-636-0166.