We’re here to help! Enrolling in the plan is simple, but investing for your life goals requires you to be informed. To help guide you through the enrollment process, please contact a financial professional.

Before Enrolling in the plan, you should:

  • Understand the plan features
  • Review the Investment Options offered
  • Understand the Investment Option Performance

Eligibility

The 457(b) Plan is a voluntary plan available to all regular full-time and part-time employees of the District. Interns, independent contractors and leased employees are not eligible. There are no minimum age or service requirements.

Any eligible employee may elect to participate in the 457(b) Plan by completing a Participation Agreement and electing to defer an amount or percentage of future compensation.

Please note that based on the Plan and IRS requirements, the earliest date your agreement to defer can be effective is the first pay date of the month following the month you complete the agreement. You can specify a later date if you choose.

Enrollment meetings are held on an ongoing basis. These meetings provide information about the benefits of participation in the Plan, the features of the Plan, investment options and Voya Financial™ services. You can complete enrollment materials at the meetings. Local Financial Professional are also available for one-on-one meetings if you have specific questions that you would like answered in a more comfortable setting. 

Who Should Join the Plan?

The Plan is designed to supplement retirement income. Unlike an ordinary savings account, it does not allow withdrawals at any time. Once you join the Plan, there are restrictions on when you can withdraw your account balance. Therefore, before deciding whether to join the Plan, you should answer the following questions:

  • Do I have adequate savings for emergencies? 
  • Do I have adequate savings for other financial goals (e.g., purchase of a home, children’s college expenses)? 
  • Am I current with my bills and credit cards? 
  • Can I afford to reduce my take home pay? 
  • Would I like to pay less income tax in the current year? 
  • Do I want to increase my retirement income? 

If you can answer yes to all of these questions, you should consider joining the Plan. If your financial situation is such that you should not join at this time, you may always join in the future when your financial situation improves.

 

How to Enroll:

Before enrolling online, be prepared to provide the following:

  • The amount or percentage of pay that you wish to contribute to the Plan: The calculators in the Resource Center portion of this website can help you calculate the impact of different contribution levels on your take-home pay. If you need help selecting contribution rates, contact your local financial professional. 
  • The name of each person you wish to designate as your beneficiary. You may submit up to 10 beneficiaries when you enroll online. If you have more than 10 beneficiaries, we suggest that you contact us for additional assistance at (949) 395-4365 or toll-free at (877) 266-9374.

There are two ways you can enroll in the Plan:

  1. Meet with your Voya local financial professional. Review your personal situation and complete the appropriate paperwork to specify your deferral amount and designate your beneficiary. You will also fill out an Enrollment Form to select your investments. The completed forms must be returned to your local financial professional.
  2. Complete the Online Enrollment process. Online enrollment is quick and easy. Enroll Now!