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CMS Energy Employees: Discover the Rising Trend of 'Work for Pleasure' in Your Retirement Journey

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Healthcare Provider Update: Health and insurance benefits managed via Fidelity. Offers medical, dental, vision, and HSA/FSA options. Employees receive enrollment materials within 710 days of hire. ACA-related planning recommended for retirees facing subsidy loss Click here to learn more

A recent Fidelity Investments poll illuminates new trends in the ever-changing retirement planning landscape.  Notably, 66% of respondents envision a phased-in approach to retirement, which deviates from the conventional full-stop strategy.  This choice shows a shift towards flexible retirement solutions across generations, as evidenced by the significant interest shown by both Gen Zers and millennials.

The wide-ranging implications of this trend point to the necessity of flexibility in retirement advice and planning when preparing to retire from CMS Energy. The departure from traditional retirement models highlights a more comprehensive reassessment of retirement goals and work-life balance, reflecting shifting perspectives toward the end of your CMS Energy career. Advisors who want to fulfill their CMS Energy clients' complex needs must have a thorough understanding of these preferences as retirement planning continues to change.


A growing number of retirees who desire social connection and intellectual stimulation in addition to financial security are adopting the idea of 'Work for Pleasure' in phased retirement, a viable option for CMS Energy employees.  According to an American Psychological Association study, continuing to work after retirement can enhance mental well-being, increase life satisfaction, and facilitate the transition to complete retirement. Retirement is now seen as a new chapter with opportunity for learning, growth, and contribution rather than as an end. This is especially true for seasoned professionals from high-ranking roles. 

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Retirement is becoming less and less like the unexpected curtain call at the end of a play and more like a well planned art display. Similar to how an exhibition progressively moves from one theme and era to another, providing visitors with an extensive array of experiences, the modern retirement trip, as defined by Fidelity Investments, takes place in stages. With this method, people can combine the elegant brushstrokes of their personal passions and hobbies with their professional creations. Today's retirees and soon-to-be retirees find joy and fulfillment in doing work that pleases them, much like an artist who paints for the love of art even after their formal career has concluded. This is creating a retirement experience that is as nuanced and fulfilling as a well-curated gallery.

What is the CMS Energy 401(k) Savings Plan?

The CMS Energy 401(k) Savings Plan is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

How can I enroll in the CMS Energy 401(k) Savings Plan?

Employees can enroll in the CMS Energy 401(k) Savings Plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

What are the contribution limits for the CMS Energy 401(k) Savings Plan?

The contribution limits for the CMS Energy 401(k) Savings Plan are determined by the IRS and may change annually. Employees should check the current limits for the specific year.

Does CMS Energy offer a company match for the 401(k) Savings Plan?

Yes, CMS Energy offers a company match for employee contributions to the 401(k) Savings Plan, helping to enhance the overall savings for retirement.

When is the best time to start contributing to the CMS Energy 401(k) Savings Plan?

The best time to start contributing to the CMS Energy 401(k) Savings Plan is as soon as you are eligible, as early contributions can significantly impact your retirement savings over time.

Can I change my contribution percentage in the CMS Energy 401(k) Savings Plan?

Yes, employees can change their contribution percentage at any time by accessing their account through the CMS Energy HR portal.

What investment options are available in the CMS Energy 401(k) Savings Plan?

The CMS Energy 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles, allowing employees to choose based on their risk tolerance.

How often can I make changes to my investments in the CMS Energy 401(k) Savings Plan?

Employees can make changes to their investment allocations in the CMS Energy 401(k) Savings Plan on a regular basis, typically quarterly or as specified in the plan documents.

What happens to my CMS Energy 401(k) Savings Plan if I leave the company?

If you leave CMS Energy, you have several options for your 401(k) Savings Plan, including rolling it over to an IRA, transferring it to a new employer's plan, or cashing it out, though cashing out may have tax implications.

Is there a loan option available in the CMS Energy 401(k) Savings Plan?

Yes, the CMS Energy 401(k) Savings Plan may allow employees to take loans against their account balance, subject to specific terms and conditions outlined in the plan.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
CMS Energy announced a restructuring plan that includes significant layoffs affecting their operations in Michigan. The company also mentioned potential changes to employee benefits and pension plans as part of cost-cutting measures.
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For more information you can reach the plan administrator for CMS Energy at One Energy Plaza Jackson, MI 49201; or by calling them at (517) 788-0550.

*Please see disclaimer for more information

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