Mission Square (Formerly ICMA-RC)

Mission Square 457 Deferred Compensation Plan (Formerly ICMA-RC)

With Mission Square, you have the option to participate on both a before-tax basis or after-tax basis. 

457 Plan Number 302806

The 457 Deferred Compensation plan administered by Mission Square is a defined contribution plan and is similar to a 401(k) plan. Participation is optional and you can change your contributions at any time.   Full-time and Part-time employees are eligible to participate in the deferred compensation plan.

With Mission Square, you have online access to your account 24/7. With online access, you can change your deferral/contribution amount, change your investment options, change your beneficiary, and view account balances. 

City of Frisco 457 Plan Site

  • New participants can self-enroll on this website.
  • Access your specific Plan information and benefits.
  • You can set contribution changes through the site. This will get reported to the City for payroll updates. Updates may take up to two pay-cycles.  Contact HR@friscotexas.gov if you do not see updates within a couple of weeks on your paycheck.

You decide on the amount you would like to contribute per paycheck to the plan and if you would like to contribute on a before-tax or after-tax basis. You choose investment options that you wish to contribute. If an investment selection is not made, your contributions will be placed in the default investment option, which will be one of the age-based TIAA-CREF lifecycle funds.  The Lifecycle funds have an investment guide path that changes as you get closer to retirement age. 

2024 Calendar Year Maximum Contributions

  • Under age 50: $23,000
  • 50 and over: $30,500
  • Per IRS regulation, required minimum distributions occurs at age 72 (73 if you reach age 72 after 12/31/2022).

Mission Square Documents and Forms