Louisiana Deferred Comp Phone Number In Massachusetts
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The Risks Of Deferred Compensation Plans The biggest downside to most of these plans is the risk of the company declaring bankruptcy. It is surprising that most, if not all, of these plans aren't in a trust that cannot be touched by creditors.
Louisiana Deferred Compensation Plan (LDCP) is a voluntary retirement savings plan that offers eligible employees the option to contribute pre-tax or post tax (Roth) contributions through payroll deductions.
Certain government pensions, however, are exempt under Massachusetts law. In general, exempt pensions include contributory pensions from the U.S. Government or the Commonwealth of Massachusetts and its political subdivisions, and noncontributory military pensions.
I understand that I have the right to direct the investment of my account and that I can change my investment allocation from the Plan's default fund at any time by logging on to my account at .mass-smart or by calling the Voice Response System at 1-877-457-1900.
For New York State Plan forms, brochures or account information, go to the Plan's web site or contact the HELPLINE at 1-800-422-8463.
The normal contribution limit for elective deferrals to a 457 deferred compensation plan is $23,500. The annual elective deferral limit for 401(k) plan employee contributions is $23,500. The annual elective deferral limit for 403(b) plan employee contributions is $23,500.
The State of Nebraska Deferred Compensation Plan (DCP) is designed to provide employees a supplementary retirement income. As with other retirement plans, there are restrictions on withdrawals from a Deferred Compensation Plan.
The New Jersey State Employees Deferred Compen- sation Plan (NJSEDCP) provides you, as an eligible State employee, an opportunity to voluntarily shelter a portion of your wages from federal income taxes while saving for retirement to supplement your So- cial Security and pension benefits.
What is OBRA? OBRA or the Omnibus Budget Reconciliation Act of 1990 is a Massachusetts state mandated employee-funded 457 deferred compensation plan for part-time, seasonal, and/or short-term public employees.
Louisiana Deferred Compensation Plan (LDCP) is a voluntary retirement savings plan that offers eligible employees the option to contribute pre-tax or post tax (Roth) contributions through payroll deductions.