Deferred Compensation Unit

 

What's new 

457(b) Maximum Contributions for 2019 (11/13/2018)

The IRS has increased the 457(b) maximum contributions for 2019.  Participants under 50 may now contribute up to $19,000 ($730.77 per pay period) and for participants 50 or older, an additional $6,000 or $25,000 ($961.54 per pay period) is permitted.    While some of us may not be able to contribute at those levels, we encourage all employees to contribute at a level that will meet their needs in retirement while balancing their current financial obligations.  For those that would like to increase their contributions, please contact Fidelity at:  800-343-0860 or http://netbenefits.com/saccounty   Changes made prior to the 18th of any month will be included in the first check of the following month.  If you have any additional questions, please call the County's Deferred Compensation office at:  916-874-4695.

 

457(b) Unforeseen/Hardship Withdrawal (6/8/2018)

Effective June 11, 2018, the County will transition all Unforeseen/Hardship withdrawal transactions to Fidelity. 

 

Changes to the Plan's Fee Structure (5/21/2018)

Effective January 1, 2018, a quarterly fee determined by your account balance at the close of the prior quarter will be deducted from your account in each plan for administrative and recordkeeping services.

 

Dedicated Fidelity Retirement Planner (1/1/2018)

 

New Investment Lineup for Deferred Compensation (10/26/2017)

To enhance the financial well-being of participants, the County of Sacramento is rolling out a new investment lineup for the Sacramento County Deferred Compensation Plan. View details on the transition, the changes coming your way, and how this will affect you--as well as action steps you can take today.  View a short presentation of the changes and calendar of events for November and December.

 

 

 

 

 

 

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