The Deferred Compensation Plan (the"DC 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). 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. SLOCPT assists in the adminstration of the DC Plan, at the request of the County. However, the Plan is separate and distinct to the Plan and benefits offered by SLOCPT. The recordkeeper and provider of investment options for the DC Plan is Nationwide Retirement Solutions.
Nationwide Retirement Solutions has been the provider for the County's Deferred Compensation Plan since 2017.
County Employees may countact Nationwide at 877-677-3678 for routine inquires (e.g. balance inquires, beneficiary changes, etc.) regarding their individual Deferred Compensation account.
For more involved questions, to enroll in the Deferred Compensation Plan or to discuss individual account details, employees may contact Loren Farfan. Loren is the Nationwide representative specifically assigned to San Luis Obispo County. Please call or email her at:
Loren Farfan: 818-642-8191 [email protected]