Vanguard

Below is information about the 401(a) Define Contribution plan in which full-time active employees hired after January 1, 2016, participate. This page also has information about the 457(b) Deferred Compensation plan available to all active Macomb County employees. Contact information and educational opportunities for Vanguard and FSDC Advisory, LLC, to get more retirement planning advice are also on this page.

Vanguard participant services at 800-523-1188

Vanguard web portal

401(a) Defined Contribution - Plan #097515

Macomb County has a defined contribution 401(a) plan. The required employee contribution is 3% of base wages, and Macomb County generously contributes 6% of base wages per pay period. Employees are vested after five (5) years of service and are eligible to increase the contribution by 1% of post-tax base wages per pay period with a County match of 8% of base wages per pay period.

457(b) Deferred Compensation - Plan #078097

All part-time and full-time employees have the opportunity to participate in the 457b Deferred Compensation Plan and Trust. To begin participation, please take a look at the investment tools and information links below, then complete and return the Enrollment Form by mail or fax to Vanguard. Vanguard will establish your account in the Plan and electronically transmit your deduction amount to the County Finance Department to enter and maintain your payroll deduction.

**Contribution changes, account maintenance, and all other information are handled directly by Vanguard Participant Services.

Direct rollover information

Employees can take assets from another plan and request a direct rollover into an established Macomb County 457 (b) Vanguard plan. Below is a rollover chart and a link to the IRS website on rollovers.

Rollover chart

457 (b) Contribution rollover form

https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-distributions

Name a beneficiary

You must designate a beneficiary for each account if you have multiple plan accounts.
Register for online account access at vanguard.com/register; you need your plan number.
To name a beneficiary or change beneficiary information, log on to Vanguard and select Menu/My Profile/Beneficiaries.
You can access your account from your mobile device. Go to vanguard.com/bemobile to download the Vanguard app or from the app store.

Investment advisor - FSDC Advisory LLC

Macomb County partners with FSDC Advisory LLC to provide financial planning services. Their expertise as licensed financial advisers helps educate clients on different investment choices, such as the Vanguard fund options, retirement goal setting, and investment strategies. Michael Cho, Principal Financial Advisor of FSDC Advisory, LLC, is Macomb County’s designated investment advisor. He can be reached at Michael.Cho@FSDC-Invest.com or by phone at 248-564-1828.

Investment advisor - FSDC Advisory LLC - one-on-one in-person meetings and webinars

January 25, 2024 - One-on-One in person - HRLR

February 29, 2024 – Webinar Topic: Past, Present & Future One-on-One in-person sessions to follow webinar – HRLR

March 28, 2024 – One-on-One in person - HRLR

April 25, 2024 – One-on-One in person - HRLR

May 23, 2024 - Webinar Topic: Social Security w/a guest speaker One-on-one in-person sessions to follow the webinar – HRLR

Social Security: Reference Guide Social Security: Preparing for Retirement

June 27, 2024 - One-on-One in person - HRLR

July 18, 2024 - One-on-One in person - HRLR

August 22, 2024 - Webinar Topic: TBD One-on-One in-person sessions to follow webinar – HRLR

September 26, 2024 - One-on-One in person – HRLR

October 24, 2024 - One-on-One in person – HRLR

November 21, 2024 - Webinar Topic: TBD One-on-One in-person sessions to follow webinar – HRLR

December 12, 2024 - One-on-One in person – HRLR

Vanguard and investment advisory sessions

Q1 dates:

January 3

February 20

Q2 dates:

May 7, 28 Meet Vanguard

Q3 tentative dates:

July 30

August 29

Q4 tentative dates:

October 8, 29

November 20

Take charge of your financial future

Your financial health is about more than just dollars and cents—it’s about the peace of mind that comes with knowing you can live and retire on your terms. If you’re ready to take charge of your finances, Vanguard’s new financial wellness resource can guide you in the right direction.

Financial Wellness announcement flyer