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bayoufrogg

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  1. 457B State Plans for K-12 employees

    Louisiana DCP: https://louisianadcpretire.gwrs.com/login.do Core funds: https://louisianadcpretire.gwrs.com/wrFundOverview.do?accu=LouisianaWR&groupID=98228-01&db=pnp See thread here for more info: http://board.403bwise.com/index.php?showtopic=6459
  2. Louisiana Deferred Compensation Program (DCP) Under Louisiana House Bill 547 of 2014 regular session: District plans must follow ERISHA rules. If district pays with public funds and/or has teachers retirement plan (LASERS, DROP, etc), then the state plan may be utilized as an option for a 457b program. Many district human resource departments are unaware of this. Call up louisiana DCP before you sign into a high priced annuity with your local insurance salesman. Funds placed in trust (State cannot pull funds in a pinch). Much better fund options than most district plans. There's even a low cost management option where they assist you in deciding what's best for your particular situation. Participants may use any of the core funds as well as participate in a self-directed brokerage account (SDBA) through Ameritrade. DCP HOME WEBSITE: https://louisianadcpretire.gwrs.com/login.do CORE FUND CHOICES: https://louisianadcpretire.gwrs.com/wrFundOverview.do?accu=LouisianaWR&groupID=98228-01&db=pnp Costs: $2.70/Quarter $15/Quarter (only if using SDBA through Ameritrade) Optional Managment Option: $0.125 per $1000 in account Advised Assets by national "Empower Retirement" CONTACTS: State of Louisiana Public Employees Deferred Compensation Plan 9100 Bluebonnet Centre Boulevard, Suite 203 Baton Rouge, LA 70809 (225) 926-8082 or (800) 937-7604 Service hours: Monday Friday: 8 a.m. to 5 p.m. Central time Email: louisianadcp@empower-retirement.com Empower Retirement National Client Services: (800) 701-8255 Service hours: Monday Friday, 8 a.m. to 5 p.m. Mountain time TD Ameritrade at (866) 766-4015
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