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Don't Sweat Your Retirement
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It's easy to enroll in your District of Columbia 457(b) Deferred Compensation Plan
Want to save more for your retirement? The District of Columbia 457(b) Deferred Compensation Plan works together with your 401(a) Retirement Plan or Defined Benefit Pension to help you build a secure retirement. Here's how to enroll in your 457(b) Plan.
How do I enroll? Here's where you can sign up for the 457(b) Plan:
- Attend a group seminar: Browse upcoming seminars to pick a topic, then simply register online to attend. A plan representative can help you enroll when you are at the seminar.
- Set up a one-on-one appointment with a plan representative: You may register online for a meeting. Your rep can talk with you in detail about the 457(b) Plan and answer any questions, in addition to making sure your account is all set up.
- Visit a local service center:
- Judiciary Square
441 4th Street, NW, Suite 340N, WDC 20001
(202) 442-9749 or (202) 442-9640 - ICMA-RC
77 K Street, NE, 8th Floor, WDC 20001
(202) 759-7190
- Visit the plan website to download an Enrollment Kit.
- DC Employees:
- UMC Employees:
- Contact a Service Representative at (202) 442-9749 or (202) 759-7190, or service@dcretire.com.
What happens when I enroll?
Here's what to expect when enrolling in the 457(b) Plan:
- Enrollment Form
- Provide your relevant personal information.
- Decide how much from each paycheck to contribute toward your retirement.
- Select investments that align with your personal goals.
- Beneficiary Designation Form
- Designate your beneficiaries: Let us know of a loved one(s) whom you'd like to receive your savings after you pass away.
The District helps make retirement planning a breeze:
- Convenient, 24/7 online account management.
- Investment options that take the guesswork out of investing, from (age-based) Target Date Funds to Guided Pathways® Investment Advice services.
- User-friendly education resources at www.DCRetire.com.
- Download the ICMA-RC mobile app to view or manage your account on-the-go: www.icmarc.org/mobile-app.
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Introducing: TextAccess
If you're always on the go but your mobile phone never leaves your side, sign up for the new TextAccess feature, which allows you to request account information and have it sent directly to your phone via text.
To sign up, log into your account at www.DCRetire.com and navigate to the Account Notifications page. After signing up, you can get information including:your account balance, your last contribution amount, and your rate of return. If you have multiple accounts, you also have the option of creating a nickname for each account. How it Works
After you sign up, you can begin requesting information by texting one of the commands below to ICMARC (426272)*: - BAL: Balance Information
- BAL [Nickname]: Balance Information (for the specified account)
- CONT: Last Contribution Amount
- NICK: List of self-selected names for each plan
- ROR: Rate of Return (year-to-date)
- HELP: List of Commands.
*Message and data rates may apply. Text STOP to 426272 to cancel. Text HELP to 426272 for info.
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All Aboard for Financial Wellness
Many of us are dreaming of upcoming summer vacations. There's one journey you can take here at home: simply pick up your Passport to Financial Wellness, and you're on your way to retirement savings!
If you attend four education seminars, you get a USB charger for your smartphone, and are also entered into the Grand Prize drawing - one winner will receive an Apple iPad, and four winners will receive Fitbits. Learn more about the program.
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Understanding Your 457(b) Plan
The 457(b) Deferred Compensation Plan is one piece of your retirement program designed to supplement your retirement savings. While your 401(a) Retirement Plan and Social Security may go a long way, they may not be enough. Saving to your 457(b) plan can help you maintain your desired standard of living.
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Education Seminars
It's quick and easy to sign up online for a group education seminar.
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ICMA-RC Representatives: We're Here to Help
Email:
Phone:
(202) 442-9749 or
(202) 442-9640
If you have general account questions, you may also contact an Investor Services Representative at:
1 (800) 669-7400
*press 0 to speak with a representative
Representatives are available Monday through Friday from 8:30 a.m. to 9:00 p.m. ET.
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