Employer News from MSRS

October 2025

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Friendly Reminders

Please review these reminders about the
Minnesota Deferred Compensation 457(b) Plan (MNDCP)
&
Health Care Savings Plan (HCSP) 

 

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Update employees MNDCP contribution amount


The Deferral Feedback Report contains all contribution stops, starts, and changes your employees have initiated for their MNDCP account. Only your employees will display on a Deferral Feedback Report.

Designated employer contacts will receive an email notification from payrollfeedback@voya whenever a new Deferral Feedback Report is available. However, sometimes the email notification is blocked by network firewalls or identified as SPAM. We encourage employer contacts to periodically log into Voya SponsorWeb to view any available Deferral Feedback Reports.

Learn More: MNDCP Deferral Feedback Report Guide

 


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Report employer contributions to the MNDCP separately

Through Voya Sponsor Web payroll portal, there is a new field that distinguishes employer contributions from employee contributions.  Employer contributions should be entered separately from an employee contribution amount. 

Employer contributions may not be made to an employee's deferred compensation 457(b) or 403(b) Plan account unless they are in the form of matching contributions.

Employer contributions must match what the employee contributes up to one-half of the maximum annual deferral limit.

Learn more

 


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Add employee's termination date


When an employee ends employment, it is important that you add their termination date in Voya Sponsor Web payroll portal.

The termination date allows former employees access to their MNDCP and HCSP account assets. Without a termination date, a withdrawal request may be delayed because we have to contact the employer to verify the employment end date. 

Termination Date Instructions

 


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Still need access to Voya Sponsor Web?

Voya Sponsor Web is the web based application used to remit employee contributions to Voya for the MNDCP & HCSP.

If you still do not have access, please contact MSRS Payroll Support (see below).

 


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 Contact us when you need help


  • MSRS Payroll Support - Contact Scott or Tam at 651-284-7729 for any payroll  related issues such as assistance logging into Voya Sponsor Web or plan related questions.

  • Voya Employer Helpline - Contact 866-667-1422 for questions regarding contribution remittance issues within Voya Sponsor Web or funding issues. 

  • MSRS Employer website - Visit https://employers.mnretire.gov to review payroll user guides, payroll related forms and general information about the MNDCP and/or HCSP.