MSRP switches administrator to lower fees; state match restored in budget DLS says Maryland Supplemental Retirement Plans switched plan administrators to Empower, cutting administrative fees from 0.775% to 0.335% of assets, which DLS estimates will leave members with about $2.4 million more in FY2026; the committee heard that the reestablished state match is driving growth in participation.

Maryland's retirement plans just got a major upgrade with lower fees and a restored state match, promising nearly $2.4 million back to members in FY2026!

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State Retirement Agency reports improved returns but funding remains below 80% DLS briefs the Appropriations Committee that the State Retirement Agency produced a 9.83% total-fund return in FY2025 and closed the year with about $73.6 billion in assets and a funded ratio near 73.5%. Analysts recommended concurrence with the governor’s allowance while noting ongoing funding challenges.

Maryland's State Retirement Agency reported a strong 9.83% return in FY2025, but funding still struggles to reach the crucial 80% mark—what does this mean for your future?

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