Retirement Savings Interest Survey (Roth 457b)

One of the ways in which L.A. Care provides employees the ability to save for retirement is through pre-tax contributions into the 457(b) Deferred Contribution Retirement Plan. Taxable income is reduced, savings grow over time and you aren’t taxed on withdrawals until you retire.

To the contrary, a Roth 457(b) Plan option allows after-tax contributions. Savings grow over time, but future withdrawals, including all earnings, are tax free*. Because Roth 457(b) contributions are under the same IRS limits as pre-tax contributions, each after-tax dollar of a Roth contribution reduces the amount that can be contributed pre-tax (and vice versa).

To gauge interest in possibly offering a Roth 457(b) as an additional employee-funded retirement option, please participate in the following survey.

Please respond by Friday, September 15, 2022. Thank you!

*In the event of either retirement or termination, your earnings can be withdrawn tax free as long as it has been five tax years since your first Roth 457(b) contribution and you are at least 59 ½ years old.