About the Plan

Your plan is a 457(b) deferred compensation plan available exclusively to Alameda County employees. With this plan, you get:

• The ability to reduce your current taxable income. You decide how much to contribute, up to IRS-defined limits. When you select pre-tax contributions, you reduce your current taxable compensation. You may also contribute on a Roth after-tax basis.
• Investment earnings that have potential to grow tax-deferred. Any earnings in your account are reinvested, where they'll maintain their ability to grow tax-deferred. Amounts typically are subject to income tax when withdrawn from the plan. Special rules apply to withdrawals related to Roth contributions.
• A variety of investment options. You have the ability to diversify your investments for the mix of growth and safety you feel most comfortable with.
• Portability. If you leave your job, you may be able to roll your account into another employer's eligible retirement plan, or a traditional or Roth IRA. You also have the option to leave your money in your plan account, or cash it out. If you cash out your account, the money you receive may be subject to income tax. Leaving your money in the plan has significant benefits. View the Personalized Guidance page to talk with one of your financial guidance professionals to learn more.

Features unique to a 457(b) plan:

• Special catch-up contributions. If you are a longer-service employee, you may be able to contribute more than the general IRS limits. Please reference the plan documents below for more information or contact one of the plan's financial guidance professionals to learn more.
• Withdrawals from your 457(b) account (other than any rollover contributions made to a 457(b) plan sponsored by a governmental employer) are not subject to the IRS 10% premature distribution penalty tax. The plan documents that follow provide specific information on contributions, vesting, distribution options and more.

• Plan Fees Frequently Asked QuestionsPDF file opens in new window