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:
CORE FUND CHOICES:
$15/Quarter (only if using SDBA through Ameritrade)
Optional Managment Option:
$0.125 per $1000 in account
Advised Assets by national "Empower Retirement"
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
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