documents on this page are in the ADOBE .PDF format (Portable Document
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Reader program to view and print the following newsletters.
To help you track the performance of the investment
options available to you in the Maryland Supplemental Retirement Plans,
the Board of Trustees provides you with an Investment Performance Report
both monthly and quarterly. The quarterly reports, which provide average
annual returns, are sent to you with your account statements four times
a year. You may call the Maryland Supplemental Retirement Agency at
410-767-8740 or 1-800-543-5605 or the Baltimore Nationwide Retirement
Solutions office at 443-886-9402 or 1-800-545-4730 at any time to request
the most recent reports.
Period Ending December 31, 2019
Period Ending September 30, 2019
Period Ending June 30, 2019
Period Ending March 31, 2019
Period Ending December 31, 2018
Period Ending September 30, 2018
Period Ending June 30, 2018
Period Ending March 31, 2018
Period Ending December 31, 2017
Period Ending September 30, 2017
Period Ending June 30, 2017
Period Ending March 31, 2017
Period Ending December 31, 2016
Period Ending September 30, 2016
Period Ending June 30, 2016
Period Ending March 31, 2016
Period Ending December 31, 2015
Period Ending September 30, 2015
Period Ending June 30, 2015
Period Ending March 31, 2015
Period Ending December 31, 2014
Period Ending September 30, 2014
Period Ending June 30, 2014
Period Ending March 31, 2014
Period Ending December 31, 2013
Period Ending September 30, 2013
Period Ending June 30, 2013
Period Ending March 31, 2013
Contractual Employee MSRP Enrollment Fact Sheet
Did you know that Contractual Employees are allowed to enroll in MSRP? Click here
to learn why Contractual Employees should join and explanations for the "what ifs" that Contractual Employees face!
The MSRP Basics and MSRP Enrollment Kit are a valuable
source of information on the supplemetal retirement plans. It covers
basic information including eligibility, fees and services as well
as ways to receive your money. The
Spectrum of Investment Options Booklet provides a description of each
investment option in the plans.
Basics, 2017 Edition
Pretax Plan Comparison Chart
EZ Step by Step Enrollment Form
of Investment Options
Stretching Your Dollars
MSRP offers this guide to Good Money Habits to help manage your hard
earned dollars! Some workers are having a hard time making ends meet
due to the challenges posed by furloughs, lack of pay increases and
possibly lost income from a spouse's layoff or pay cut. A large amount
of debt is another challenge many employees face. This guide offers
tips on getting your finances organized, setting goals, using credit
wisely, spending less, saving more and where to get help if needed.
Click here to access this
"NOTICE: The Match has been suspended. There will be no employer matching payments to a participant's 401(a) account until authorized and budgeted."
introduces ROTH Contribution Options
If you have considered
the possibility of a tax diversification strategy for your retirement
investing, then MSRP now offers a welcome opportunity. Until April 2011,
your contribution to MSRP was always "before taxes". This is the traditional
approach-investing the whole dollar from your gross earnings instead
of from your lesser take-home pay. Tax-deferred, or "before tax", MSRP
accounts still offer the benefit of maximizing long-term growth potential,
with your income tax paid only on the amount withdrawn later-in retirement.
But now, beginning April 11, 2011, you have a new choice for your MSRP
contribution: BEFORE TAXES? or AFTER TAXES?
You can choose to make some or all of your contributions into the 457(b)
plan and/or 401(k) plan after taxes by selecting the new Roth contribution
option. You may later withdraw those Roth accounts in retirement with
no taxes due. Read more information on the ROTH
o Estimate the possible benefits of Roth after-tax contributions now
and tax-free withdrawals later on the Roth
Retirement Plan Analyzer
o Make a Roth contribution change on-line at www.MarylandDC.com
, login to your account, select on the left side "Contribution Change"
and then select on the left which plan to change, and then follow the
o Make a Roth contribution change on paper by completing an enrollment
form-Participation Agreement-downloaded from www.MarylandDC.com
, select the top Tab "Forms" and then click on "Enroll by paper", print
the form on legal (8½ X 14) paper on your own printer, fill out and
sign in ink, and sent the form to the address on the bottom of the form.
o Call Team MSRP for more information, 8 a.m. to 11 p.m., at 1-800-545-4730.
MSRP Investment Policy
MSRP Investment policy document sets the current guidelines followed
by the Board of Trustees and Advisors in selecting, monitoring, replacing
and closing the investment options offered MSRP participants. This document
is updated annually. (Note: see also the separate Investment Contract
Pool (ICP) Investment Policy, link to ICP Information page below, setting
additional guidelines for that investment option.). To download the full document click the following link. (01/30/2020)
T. Rowe Price Target Retirement Funds
T. Rowe Price Target Retirement Funds
are one-step portfolios comprised of various T. Rowe Price mutual funds
offering instant diversification into stocks and bonds, as well as automatically
shift to a more conservative blend as you near your target retirement
In a target-retirement fund, professionals decide what percentage of
your money belongs in stocks and what percentage should go into bonds
and cash. The professional money managers also allocate your money between
large-company stocks and small-company stocks, between foreign and U.S.
stocks and between growth and value stocks using T. Rowe Price Mutual
funds. Most important, as you get closer to retirement, the funds adjust,
gradually raising their allocation to lower-risk bonds and cash.
Target-retirement funds allow people who know they should be saving
for retirement but know little or nothing about investing -- and lack
the time and energy to learn -- to invest in funds that allocate their
money automatically among stocks, bonds and cash. T.
Rowe Price Fact Sheets
Active or Passive Managed Investment Options
MSRP Investors who choose the
traditional approach of determining their own investor profile and asset
allocation plan may now implement their investment strategy using either
active and/or passive investment managed options.
Active funds may appeal to investors who prefer to take an active
role in their investment selection and enjoy picking and choosing individual
funds and fund managers to create a diversified portfolio.
Passive funds may appeal to investors who are looking for mutual
funds that normally carry lower than average investment fees and track
the markets per their selected index to create a diversified portfolio.
Of course, participants may mix and match active and passive investment
options and the target-date retirement funds.
This option provides
MSRP participants the opportunity to invest in a fund that weighs positive
environmental, social and governance (ESG) performance of companies,
and excludes certain sectors perceived to pose long-term risk or are
deemed to have a negative impact on society. Follow this link for more
information on Responsible Investment.
Bond Investing-- When you need money you might apply for a loan. When
companies and governments need money they often issue bonds-loans that
can be purchased for investment. Bond funds are mutual funds of bonds,
a group of bonds purchased as one fund. Bond funds typically deliver
higher returns than CDs, money market funds, and bank accounts, but
may have higher expense ratios than a comparable stock mutual fund.
As with any investment, bond funds are subject to a number of investment
risks including credit risk, interest rate risk, and prepayment risk.
Diversifying - or spreading - your risk across a broad range of asset
classes can help reduce your overall risk of investment losses.
The Investment Contract Pool (ICP)
The ICP is a portfolio of investment contracts
placed with qualified fixed income managers/underwriters and insurance
companies. Some contracts have a fixed rate of interest for the length
of the contract while others reset the rate of interest on a regular
basis. The interest rate is based on earnings of underlying investments
at that time. Accounts are credited with a monthly blended rate. The
ICP is available for MSRP participants in the 457, 401(k) and 401(a)
For additional information about the ICP management, operation, interest
rates, performance and background please select the ICP
Information Page link.
Asset Rebalancing Service for your MSRP account
Starting in 2010, we offer a
Asset Rebalancing option for your Maryland Supplemental Retirement Plans
account(s). Once you request to activate it, this optional service will
evaluate your fund portfolio from the accounts [e.g., 457, 401(a), etc.]
and the money sources [e.g., rollovers in, transfers in, Roth balances,
etc.] you select. All current and future money contributed to the plan
through the accounts, money sources, and funds you specified will be
considered when the service conducts its evaluation. There is no additional
fee for this optional service. Your account(s) will be evaluated on
the same date every three months, and if necessary, rebalanced to the
levels you select. For example, if you activate the service on August
20, your account will be evaluated and rebalanced quarterly on November
20, February 20 and May 20, or on the first market date thereafter.
You may adjust your investment elections at any time, but the service
follows MSRP rules and the funds that are offered through the Plans.
Thus, short-term, purchase block and fixed account trade restrictions
apply, and may affect how an account is rebalanced. To learn more
or activate the service, call a Team MSRP Representative Specialist
You can use Abbreviations to find the
daily prices of your mutual funds on the statement or in the financial
section of newspapers.
Click here to download. (08/2016)
MSRP Mutual Fund Savings & Expense Ratios
Explains how the MSRP Mutual Fund Savings & Expense Ratios
operates Click here to access file. (11/05/2018)
MSRP Mutual Fund Savings Program Booklet
Explains how the MSRP Mutual Fund Savings Program
Fund Savings Program. (07/2015)
For prospectuses on the mutual funds go to Marylanddc.com
"Investment Info" and look for the prospectuses link on the
left or please call the Nationwide Retirement Solutions Maryland office
at 443-886-9402 or 1-800-966-6355. You should always consult a prospectus
to Enroll or Make Changes to your Account
Enroll, Make Investment Option Exchanges, Make Allocation Changes, or
to Change Your Contribution Amount, call the Nationwide Retirement Solutions
Customer Service Center at 1-800-545-4730 or visit Nationwide Retirement
Solutions's web site at www.MarylandDC.com.