The County offers voluntary Deferred Compensation 457(b) plans administered by Nationwide to regular employees who are employed for 20 or more hours per week. A 457(b) Deferred Compensation plan is a retirement plan, created to serve governmental employees.
IRS Contribution Limits
Understanding IRS contribution limits is important, especially when your goal is to contribute the maximum to your account. Even if you can’t do the max, consider increasing your contribution a little each year to potentially move closer to your retirement goals. Review the annual contribution limits.
Deferred Compensation Resources
- Manage Your Account
- Nationwide Learning Center
- Roth 457(b) Contributions Guide
- Catch-Up Brochure (age 50 or older, catch-up provisions allow you to accelerate savings)
- Fund Withdrawal and Payout Options
- Unforeseeable Emergency Distribution Instructions & Application
Deferred Compensation Matching Contribution
Most regular employees who are employed for 20 or more hours per week are eligible to receive a matching contribution made by the County. Review the Deferred Compensation Matching Contribution Summary to learn more.
Enrollment & Changes
You may enroll or make changes at any time during the year. To enroll, complete the Deferred Compensation Participation Agreement and fax to Mike Ferguson at 866-222-3469. To make changes, submit the Deferred Compensation Change Form to Human Resources. Contact Mike Ferguson for assistance at 509-385-7825.