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Deferred Compensation Unit

Overview 457(b)

The Deferred Compensation Plan

 

As a County employee, you have an opportunity to enroll in the Deferred Compensation Plan.  Deferred Compensation is an additional retirement savings plan that offers a convenient, tax-advantaged way to save for your retirement.

There are three options within the Deferred Compensation Plan; the 457(b) Plan, the 457(b) PST Plan and the 401(a) Match Plan.  Each option is unique and serves its participants at their various stages of employment.

The Deferred Compensation Website will provide you with information about the Deferred Compensation Plan options throughout your investment career.

Below are benefits to participating in the Deferred Compensation Plan:

Convenience

 

You can sign up for Deferred Compensation by contacting Fidelity Investments at 1-800-343-0860 or www.fidelity.com/atwork

 

Your contributions are automatically deducted regularly from your paycheck. 

 

Tax savings now

 

Your pretax contributions are deducted from your pay before income taxes are taken.  This means you can actually lower the amount of current income taxes you pay each period. 

 

Investments options

 

You have the flexibility to select from investment options that range from more conservative to more aggressive, making it easy for you to develop a well-diversified investment portfolio.

 

Retirement planning tools

 

You have access to online tools designed to help you manage your assets as you plan for retirement.

 

Overview of the 457(b) Plan for Active Current and Prospective Participants html file type

457(b) Investment Policy PDF file type

457(b) Plan Document PDF file type

 

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.

 

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