While public sector careers promise stability, pay, and benefits outpacing many private roles today, long-term financial planning remains imperative for later life stages. With pension sustainability pressured by state and local fiscal imbalance, proactively maximizing supplementary savings allows county employees to control and secure their futures regardless of political winds. As California’s leading employee benefits innovator, ERB now delivers tailored 401(k) solutions for LA County employees.
Choice Over One-Size-Fits-All
Unlike pension systems with narrow investment options and restricted withdrawal limits, 401(k) access allows LA County employees to personalize savings strategies tailored to individual career timelines, risk factors, and retirement lifestyle goals. Our featured plans from leading national and state-based providers feature diverse low-cost mutual fund selections, including target-date automation and financial advising assistance. Specialty options like brokerage link trading, Roth IRA conversion, and managed portfolios cater to varying preferences.
Driving Participation Through Education
Maximizing 401(k) savings hinges on consistent engagement, not just offering access. ERB combines educational workshops explaining specifics like matching contributions, fund selection, and long-term planning for public servants at all life stages – starting or mid-career. We also develop streamlined digital enrollment flows and helpful projection tools modeling different savings rates and estimated income replacement. This awareness drives recurring participation, boosting financial capability.
And financial literacy extends beyond enrollment. Ongoing education empowers informed savers – to navigate critical choices like balancing present costs with future payoffs. Workshops demystify topics from inflation protection to market dynamics for diverse investor types. Retiree training covers withdrawal strategies, portfolio longevity, and passing on wealth. For hands-on help, personalized consultations offer savings and budgeting advice tailored to each employee’s situation.
While pensions face sustainability challenges, ERB delivers alternative savings tailored to you. Building personal capability and customized choice empowers civil servants to focus on service fully today without retirement worries looming. Our commitment is to help employees secure their future on their terms – paving the pathway ahead.
Structuring Success
No one-size-fits-all approach applies to specialized employee segments, from public health officials to sheriff deputies. ERB calibrates communications, enrollment options, and plan parameters catering to unique workplace cultures across LA County. Hard-to-Engage groups gain dedicated focus, lifting participation rates through peer advisement and personalized consultation. Spanish-language access ensures inclusion county-wide. Ongoing support assists in managing savings balances, reallocating investments, and maintaining steady contributions over mobile careers.
Trusted Partners, Lasting Solutions
As both California’s leading benefit innovator for over ten years and Los Angeles natives ourselves, the ERB team stands ready to support the public servants in keeping our communities healthy, safe, and vibrant. We know tailoring financial wellness solutions today allows focus service to citizens fully without worrying about tomorrow. Let’s build long-term partnerships that secure your future regardless of whatever changes come. Contact ERB to learn more about your LA County department’s 401(k) options.
