Supplemental Retirement Plans

 

Louisiana Deferred Compensation Plan: Be an Active Participant in Your Future!

 

LSU offers multiple options to help employees save for the future. The supplemental retirement program includes 403(b), Roth 403(b), 457(b) and Roth 457(b). Employees may make contributions on an after-tax basis under the Roth plans, on a pre-tax basis under the 403(b) and 457(b) plans, or a combination of the two. Please take a moment to review the benefits of a supplemental retirement account and which plan will best help you plan for retirement.

 

Enrolling and/or Inquiries

For employees who are interested in opening a 403 (b) Supplemental Retirement Account, please visit Retirement Manager.

For a 457(b) supplemental retirement account, you may begin the enrollment process by calling 800-701-8255 to verify your information and establish your log-in.  You will need to provide a Date of Hire, and then a security code will be sent to a cell number or email on record with Empower.  If no cell number or email is on record with Empower, additional identity verification will be required.  From there, you will be instructed to complete your contribution amount online at www.louisianadcp.com.  The investment will default to a 6% contribution rate into a Target Date fund based on your date of birth.  Any of this may be changed in the future by logging on and making changes to your account.  This data will be communicated to LSU’s payroll department via electronic file and you will receive a confirmation of your activity.  Federal regulation on 457(b) plans provides that any changes you submit on your account will take place the following month.

Current participants can make deferral changes online at louisianadcp.com.



Please remember, investing in a 403(b) and/or 457(b) supplemental retirement account is not free. Each vendor (company) charges fees, such as record-keeping and in some cases, fees for distribution-related expenses in addition to expenses and fees based on your investment allocation. As a new enrollee in one of these plans, it is up to you to compare and consider the benefits offered by each vendor. New and current participants should confirm all costs associated with their investments, as well as any charges and restrictions associated with your existing contract before requesting a transfer for current participants.


Things You Should Do as a New Enrollee or Current Participant



Compare benefits offered by each vendor.

Confirm all costs associated with your investment options.

Confirm any charges and restrictions associated with your existing contract before initating a transfer.

New 
Enrollees

Current 
Participants 

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Retirement Manager

Retirement Manager allows employees participating in a 403(b), and Roth 403(b) access to their accounts in a convenient, secure, Web-base anytime and anywhere, 24 hours a day, seven days a week. Simply go to www.myretirementmanager.com/myrm/?lsubrpaid.

Application access includes:

  • Learn more about your retirement savings plan(s)
  • View aggregate balance information across all active, and legacy 403(b) investment providers
  • Request a Distribution Eligibility Certificate for the following transactions:
    • Loan
    • Hardship Withdrawal
    • In-Service Exchange
  • Read educational articles on a range of financial planning topics
  • Calculate what you will need to stay on track for retirement with easy-to-use financial calculators
  • Start or change contribution amounts
  • Request a Distribution Eligibility Certificate for:
    • Severance from Employment

 

The participant support line is available Monday through Friday (excluding holidays) from 7:00AM to 6:00PM Central time. 

Retirement Manager Support Line: 1-866-294-7950

 

Contributions

Calendar/Plan Year 2018
Annual Maximum Deferral Amount $18,500
Annual Maximum Deferral Amount for participants age 50 and older $24,500

Maximum contributions to both a 403(b) and 457(b) account can be made at the same time.

Employees may switch supplemental retirement account vendors at any point during the year.

 

 

Learn about the 403(b) and Roth 403(b) plans here.

Learn about the 457(b) and Roth 457(b) plans here.

LSU cannot guarantee the success of the SRA products or the level of service and we urge you to fully review the product before you participate.