Frequently Asked Questions

Voya is a leading provider of deferred compensation education, administration and investment services to government plan sponsors and participants. Through our predecessor companies, we have serviced government retirement plans since 1972 and currently provide investment and/or administrative services to thousands of cities, counties and municipalities.

A 457(b) deferred compensation plan is a retirement plan that allows you to make contributions into an account established on your behalf.  Your contributions are made on a pre-tax basis, and any earnings are tax-deferred. Taxes are due when money is distributed from the plan. The amounts accumulated on your behalf are distributed at retirement, or due to another qualifying event, such as severance from employment or death. For additional information regarding the MetroMax 457 Deferred Compensation Plan, please see the Plan Overview section.

Pre-tax contributions are deducted before taxes. You’ll pay tax on the money when it is paid to you at a later date. Roth after-tax contributions are deducted after taxes. That means you’ll be able to withdraw your money federal tax-free when you retire (qualifying conditions apply). With either source, your contributions and any earnings have the ability to compound and grow on a tax-deferred basis.

All eligible active employees can enroll in MetroMax. Please visit the Enrollment page for more information or contact our local office in Nashville at (615) 627-1500 option 3 for assistance with the enrollment process.

The IRS requires that required minimum distributions (RMDs) under a 457(b) plan begin no later than the April 1st of the calendar year following the calendar year in which you reach age 73 or retire, whichever occurs later. An IRS excise tax is imposed on a RMD amount that was not taken in a timely manner. Voya does not offer tax or legal advice. You should consult with a tax advisor and/or tax attorney concerning your personal situation before making a financial or investment decision.

You can receive fund performance in a variety of ways:

• Through this customized website for MetroMax
• With your quarterly participant statements
• Through Voya's local Nashville office
• By calling Voya at (800) 584-6001

Fund performance is updated on a monthly basis. Monthly performance reports are available on this website under the Investments tab. Quarterly performance reports are included as part of your statements from Voya. You can also log in to your account to track the investment performance of your MetroMax account.