Each year, the Ohio Deferred Compensation Board of Trustees honors outstanding employers for their dedication to improving retirement education, enrollment, and savings among their employees. To learn more about their accomplishments and for the full list of honorees, you can access the article here.Read more.
Deferred Compensation Terms
Commingled Fund- a diversified portfolio of stocks and/or bonds managed by a professional money manager. Mutual funds are generally intended for retail investors and are regulated by the U.S. Securities and Exchange Commission. Commingled funds are available to institutional investors and are regulated by state banking regulators. Because of these differences, commingled funds often have lower legal and operating costs than mutual funds.Visit our participant website to learn additional key financial terms and definitions.
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Message from the Executive Director: Keith Overly
The IRS sets limits for how much money a person can defer into their retirement savings accounts. For 2017, the IRS has chosen to leave the deferral limits unchanged. Make sure you let your employees know that the limits have not changed this year. Follow the below link to see what those limits are, if you're not already aware. Learn more.