401A Incentive Retirement Deferred Compensation Plan The County of San Diego offers a 401A Incentive Retirement Deferred Compensation Plan to all permanent County and Superior Court Employees. This program allows you to save up to 25% of your Federal taxable gross wages or $40,000 per year (whichever is less) pretax! The County of San Diego offers two plan providers:
Both providers offer many different investments options for you to choose from, ranging from very low risk funds to very aggressive funds. You may enroll in either plan or both. You have 90 calendar days from your date of hire to enroll in the plan. If you miss this window of opportunity to enroll, you will not be able to enter the plan at a later date. If you join the plan, you may select the percentage of your contribution, either 2.5%, 5%, 10%, 15%, 20%, or 25% of your federal taxable gross wages. This percentage is irrevocable. Once you select the percentage, it can never be changed. The 401a plan has a loan provision. It also has a hardship provision that would allow you to suspend your payments into the plan for a minimum of six months. This is a great way for you to save up for your retirement! To enroll, please click here for Hartford or click here for T. Rowe, or call the County Treasurer's office at (619) 531-5840 for any questions. 401A Deferred Comp Flyer Rev 7-19-02 |