What is Horizons retirement plan?
The Horizon 401(k) Plan is an individual account-based plan designed to help you save for retirement. This means you can make contributions as a percentage of your compensation through payroll deduction or in flat-dollar amounts up to Internal Revenue Code limits.
What is LA County horizons?
The County of Los Angeles Horizons Plan is a powerful tool to help you reach your retirement goals. Build a retirement nest egg beyond your Los Angeles County Employees Retirement Association (LACERA) pension. Contribute to and potentially earn in tax-deferred accounts.
Does LA County have a 401K?
The County of Los Angeles offers one contributory retirement plan. DEFERRED COMPENSATION: 401K deferred compensation plan with 4% County matching contribution is offered as an additional supplement to the Horizons 457(b) to retirement benefits for all non-represented employees.
How do I register for Empower retirement?
You can enroll today — log on to the website or call 877-SONY-SAVE (877-766-9728). *Automatic enrollment is not applicable to temporary or seasonal employees. Core securities, when offered, are offered through GWFS Equities, Inc. and/or other broker dealers.
What is a pension savings plan?
What is a pension plan? A pension plan is a retirement-savings plan typically funded by an employer. Money goes into the pension on behalf of the employee while the employee works for the organization. The employee receives regular payments in retirement.
What is your investment horizon?
An investment horizon refers to the length of time that an investor is willing to hold the portfolio. It is generally commensurate with the amount of risk that an investor is willing to undertake.
Do LA County employees get discounts?
The Employee Discount Program offers discounts to LA County employees for theme parks, sporting events, entertainment, dining, and various other activities throughout the County.
What is lacera Plan G?
Welcome to LACERA Retirement General Plan G. Plan G is a comprehensive plan that provides a wide range of pre-retirement, post-retirement, and continuing benefits for eligible survivors and beneficiaries. *“New member” as defined by PEPRA § 7522.04(f).
Does LA County offer pension?
The County offers a number of deferred compensation plans for full-, part-time and seasonal employees. The plans provide a great way to save for retirement and supplement the defined benefit pension available to full-time employees.
Do Los Angeles County employees pay into Social Security?
It should be noted that County employees do not pay into Social Security, but do pay the Medical Hospital Insurance Tax portion of Social Security at a rate of 1.45%. The County of Los Angeles does not participate in the Social Security System.
Is Great West now empower?
The Great-West Life Assurance Company (Great-West Life) completes the transfer of its U.S. operations to U.S. subsidiary GWL&A. GWL&A’s retirement business, now known as Empower, introduces a proprietary retirement plan recordkeeping platform.
What bank does empower Retirement use?
Fifth Third Bank
On September 29, 2020, Empower announced that it would acquire the retirement plan recordkeeping business of Fifth Third Bank.
Where is Great West life insurance company located?
Insurance products are issued by or offered through Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; or in New York, by Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY.
Is the Great West funds an affiliate of Empower Retirement?
GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment adviser, Advised Assets Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.
How does Great West retirement services third party fee work?
The Great-West Retirement Services ® third party administrative (TPA) fee is deducted from your account in monthly installments. The TPA fee deducted from participant accounts reflect a subsidy that offsets the actual cost of the third party administrative fee charged to the Plan.
How to check your great west retirement account balance?
Great-West Retirement Services ® will mail you a quarterly account statement showing your account balance and activity within your account. You can also check your account balance and move assets between investment options on this Web and KeyTalk � at (800) 947-0845.