About Your Deferred Compensation Plan

Deferred Compensation Plan highlights

Your "deferred comp plan" offers a simple, flexible way for you to save for retirement. With its powerful pretax savings features, investment options and planning resources, you can work toward replacing your working income in retirement — for life.

Review your deferred comp plan highlights document to see how your deferred comp plan can help you save, invest and prepare for retirement.

It’s important to understand how your retirement deferred comp plan works so you can take full advantage of the benefits it provides. Your deferred comp plan highlights provide you with general information about your deferred comp plan.

Key actions

It’s a good idea to check your online resources for a convenient way to conduct transactions.

Saving through your "deferred comp plan" is a smart, simple way to work toward a more rewarding future. Enroll online

Your 457 Plan allows you to designate or change your contribution amount online. Sign in to your account and you will be taken directly to your Contributions page, where you can use the Contribution Rate slider.

Your 457 Plan allows you to designate or change your beneficiary online. Sign in to your account and select the My Beneficiaries page.

Consolidate your assets into one easy-to-manage view. To roll in assets from a previous retirement account, Sign in to your account and click on your plan(s) listed under Total account balance. Scroll down to Plan Information and click on Consolidate accounts. You are encouraged to discuss rolling money from one account to another with your financial advisor/planner and to consider any potential fees and/or limitations of available investment options.

To change your personal information online, Sign in to your account and you can then update your account profile.

Fees

Deferred compensation plans typically charge different fees to cover a variety of expenses. Some of the types of fees you may see include:

  • Administration fees
  • Investment fees
  • Fees for additional services that may be available to you

The good news is that the fees you pay to participate in your deferred comp plan are typically lower than what you might experience as an individual investor. With so many people participating in the deferred comp plan, you usually benefit from reduced fees.