Louisiana Deferred Comp Phone Number In Middlesex

State:
Multi-State
County:
Middlesex
Control #:
US-00418BG
Format:
Word; 
Rich Text
Instant download

Description

The Deferred Compensation Agreement is a legal document designed to outline the terms between an employer and an employee regarding deferred compensation plans in Louisiana. It ensures that employees receive additional compensation post-retirement or in the event of their passing before retirement. The agreement includes key features such as monthly payment amounts, stipulations regarding death benefits, and conditions for payment termination. For individuals in Middlesex seeking the Louisiana deferred comp phone number, it is essential for employers and employees to understand these terms. The form guides users through critical sections like retirement benefits, death benefits, and compliance with laws, emphasizing clarity for users with varied legal experience. Attorneys, partners, owners, associates, paralegals, and legal assistants benefit from this document as it navigates complex compensation structures while protecting both parties' interests. Filling and editing instructions are straightforward, promoting user accessibility and understanding. Overall, the form serves as a critical tool for ensuring secure retirement planning under the Louisiana legal framework.
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FAQ

Overseen by the New York State Deferred Compensation Board, the Plan is managed by a professional staff located in Albany, NY. The primary function of the Board office is to provide centralized oversight of all the Plan's operations and manage the Plan to a Board-approved annual administration budget.

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.

A team of 17 regional Account Executives who offer local on-site educational programs to employees of participating employers. A team of HELPLINE Representatives located in Troy, New York that is available Monday through Friday 8am until 11pm and Saturday from 9am until 6pm.

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.

You may defer between one and 100 percent of your available salary after mandatory deductions (minus your tax-sheltered pension or other voluntary tax-sheltered contributions) with an annual dollar maximum in 2025 of $23,500 ($30,500 for individuals age 50 and older).

Elective deferral limit The amount you can defer (including pre-tax and Roth contributions) to all your plans (not including 457(b) plans) is $23,000 in 2024 ($22,500 in 2023; $20,500 in 2022; $19,500 in 2020 and 2021; $19,000 in 2021).

§457 Contributions 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.

§ 414(h), SEP, Federal Thrift Savings Funds, or Individual Retirement Accounts must be included in gross income. Employer contributions to these plans receive tax-deferred treatment.

New Jersey does not allow you to exclude from wages amounts you contribute to deferred compensation and retirement plans, other than 401(k) Plans. Specific plans that New Jersey does not allow taxpayers to exclude contributions to include, but are not limited to, plans under I.R.C. § 403(b), I.R.C. § 457, 409A, I.R.C.

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Louisiana Deferred Comp Phone Number In Middlesex