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457 Deferred Compensation and Money Purchase Plans
Beginning June 29, 2018, three investment options will be changed within the investment lineup offered to FPPA Self-Directed Plans.
Statewide Money Purchase Plan
Statewide Hybrid Plan - Money Purchase Component
457 Deferred Compensation Plan
DROP - Deferred Retirement Option Plan (if invested at Fidelity)
DROP is explained in each of the following plan brochures:
SRA - Separate Retirement Account (if invested at Fidelity)
■ Age 50 + Catch-up | IRS Annual Contribution Limit of $6,000
Beginning in the year you turn age 50, you can make additional annual “catch-up contributions” to the FPPA 457 Deferred Compensation Plan.
■ 3 Year Catch-up | IRS Annual Contribution Limit of $37,000
This provision allows you the potential to double your 457 contributions when you are within three full calendar years of the normal retirement age specified by your retirement plan.
Click here to view and print a copy of this information.
■ For calendar year 2018 - $55,000. including both employee and employer contributions.
Follow one of these THREE ways to name or update your beneficiary information.
■ Call Fidelity at (800) 343-0860 and have a beneficiary form sent to you.
■ Click on the Fidelity button above associated with your self-directed plan and then select 'Beneficiaries'.
■ Connect to your Fidelity NetBenefits® account and select 'Beneficiaries'.