Deferred Compensation
What is this service?
The Deferred Compensation Plan is a voluntary savings plan offered by the County to enable employees to save for their future on a tax deferred basis (although a Roth option is also available). There is currently no matching contributions from the employer. Other agencies also participate in the DC Plan - Courts, APCD, LAFCO.
The County's Deferred Compensation Plan is established and administered pursuant to Section 457 of the Internal Revenue Code. The DC Plan is administered on behalf of the County by the Pension Trust. The recordkeeper and provider of investment options for the DC Plan is Nationwide Retirement Solutions.
Beginning September 28, 2017, Nationwide is the new provider for the Deferred Compensation Plan. You can review the transition brochure for details regarding the transition, new plan provisions, investment options, and contact information.
To set up your account with Nationwide you may call 877-677-3678 to obtain your account number and set up your PIN. Or, you can reference your new account number from Nationwide from your quarterly statement. With your new Nationwide account number, you will then be able to establish your on-line account by visiting www.sanluisobispo457.com.
For routine inquiries (e.g., balance inquiries, beneficiary changes, address changes, etc.) about your Deferred Compensation account you may call Nationwide at 877-677-3678.
For more involved questions, to enroll in the Deferred Compensation Plan or to discuss your account, Lupita Ayala and Loren Farfan are the Nationwide representatives assigned to San Luis Obispo County. For inquiries or to make an appointment, please call or email them at:
Lupita Ayala: 818-798-8159 [email protected]
Loren Farfan: 818-642-8191 [email protected]