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bayoufrogg

Louisiana Public Teachers: 457B Louisiana Deferred Comp State Plan

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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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