Supplemental Retirement Plans
LSU offers multiple options to help employees save for the future. The supplemental retirement program includes 403(b) and 457 (b) plans. Employees may make paycheck contributions before and/or after taxes. Employees can enroll at any time of the year and contributions can be changed, stopped, or re-started throughout the year. 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
Step 1. Set up Paycheck Contribution
Visit www.MyRetirementManager.com to register, choose your paycheck contribution amount and select your vendor.
Step 2. Enroll with Your Chosen Vendor
Once you have selected your vendor, visit their website to set up your account and enroll in the Plan.
Need Help? Schedule an Appointment with a Representative
|Company||How to Request an Appointment|
|Fidelity||Meet with your Fidelity Retirement Planner by calling 800-642-7131 or visit netbenefits.com/LSU and click the Contact Us tab, then Meet.|
|TIAA||If you would like to schedule an appointment with a local TIAA financial consultant, call 800-732-8353 weekdays, 7 a.m. to 7 p.m. (CT) or visit TIAA.org/schedulenow.|
Call the VALIC Baton Rouge office at 225-201-1009 to schedule an appointment; or visit https://my.valic.com/Seminars use codes:
Laura Golubev: 4712BAT11AB William Gallegos: 2718BAT11AN
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.
|Annual Maximum Deferral Amount||$19,000|
|Annual Maximum Deferral Amount for participants age 50 and older||$25,000|
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.
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.