Deferred Compensation Unit
|
 |
Loan Program |
Although your plan
account is intended for the future, you may borrow from your account for any
reason. Generally, the Deferred Compensation Plan allows you to borrow up to
50% of your vested account balance. The minimum loan amount is $1,000, and a
loan must not exceed $50,000. You then pay the money back into your account,
plus interest through the Automated Clearing House (ACH) Service in monthly
equal installments. Any outstanding loan balances over the previous 12 months
may reduce the amount you have available to borrow. You may have two loans
outstanding at a time. Be sure you understand the Plan guidelines before you
initiate a loan from your plan account.
To learn more
about or to request a loan, log on to
www.fidelity.com/atwork
or call the Fidelity Retirement Service Specialists at 1-800-343-0860. The Loan
Brochure will also give you valuable information.
Loan
Brochure
To Contact a Deferred Compensation Technician:
Phone:
916-874-2020
Fax: 916-874-8419
E-mail:
PSDBenefits@saccounty.net
Interoffice Mail
Code: 09-6750
To Contact Fidelity Investments:
Phone: 800-343-0860
Website:
www.fidelity.com/atwork
Inquire about the availability of documents in alternate formats.
|
Text only