Welcome to the County of San Diego Deferred Compensation Plan! Your journey to retirement readiness starts here. Online enrollment is simple and easy. Start taking advantage of the benefit available to help you reach your retirement goals.
If you’re ready, click the Enroll button to get started. Scroll down to learn more about the plans and determine the best route for your retirement plan.
457(b) Plan – Enrollment is open to all County and Court employees and there is no deadline to enroll. You can contribute to the 457(b) plan on a pre-tax and after-tax (Roth) basis. Contribution changes are effective with the soonest pay cycle, dependent on processing deadlines.
401(a) Plan – Permanent County and Court employees are eligible to enroll only within the first 90 calendar days of employment. Pre-tax contributions are deducted from each biweekly paycheck and are based on your percentage election at the time of enrollment; select from 2.5%, 5%, 10%, 15%, 20% or 25%. Your election is irrevocable throughout your career, and the percentage cannot be changed. The 401(a) plan also offers a loan feature which allows one outstanding loan at a time.
Here's what to expect
To make enrollment simple, your plan sponsor has made some initial default selections for you.
Contribution rate:
457 Plan: 5%
You can update this amount after enrollment
401a Plan: 2.5%, 5%, 10%, 15%, 20% or 25%
This amount is irrevocable
Investment fund:
Both plans: Target Date Fund
Based on the assumption that you will begin distributions at age 65
You can update this after enrollment
When you're ready to enroll, you'll need your:
Social Security number
Gross annual income
Pay frequency (biweekly)
Start saving today for the retirement you want tomorrowEnroll now
Important market risk and investing options
Market risk
Investing involves market risk, including the possible loss of the money you invest.
Target date funds are a type of asset allocation fund that is rebalanced over time to become more conservative as the targeted date approaches.
Target date funds invest in a wide variety of underlying funds to help reduce investment risk. So, in addition to the expenses of the target date funds, you pay a proportionate share of the expenses of the underlying funds. Target date funds are designed for people who plan to withdraw funds during or near a specific year. Like other funds, target date funds are subject to market risk and loss. Loss of principal can occur at any time, including before, at or after the target date. There is no guarantee that target date funds will provide enough income for retirement.
Investment advice is provided by Nationwide Investment Advisors, LLC (NIA), an SEC-registered investment adviser. NIA has retained Wilshire Associates Incorporated (Wilshire) as the Independent Financial Expert to make the investment decisions for the program. Wilshire is not an affiliate of Nationwide or NIA.
There are IRS limits to the standard and catch-up deferrals you can make to your plan.