We’re here to help! Enrolling in the plan is simple, but investing for your life goals requires you to be informed.
Before Enrolling in the plan, you should:
- Understand the plan features
- Review the Investment Options offered
- Understand the Investment Option Performance
Am I eligible to participate in the 457 Plan?
The Kern County 457 Deferred Compensation Plan is a voluntary plan available to all full-time employees of Kern County.
There are two ways to enroll in the County's 457 Plan.
- Meet with the County’s local representative. You can choose to meet individually with a local representative to review your personal situation and help you through the enrollment process.
To make an appointment to enroll, please contact Liliana Fahel* at 661-868-3467 or email Liliana.Fahel@voyafa.com. Liliana is located in the Treasurer’s Office at 1115 Truxtun Avenue, 2nd Floor, Bakersfield, CA 93301.
- Online Enrollment. You can complete the enrollment process online, including selecting your investment choices, by selecting the Enroll Now link on this page. Online enrollment is quick and easy. Before enrolling in the plan, you should also be prepared to provide the name of each person you wish to designate as your beneficiary. You may submit up to 10 beneficiaries online.
For PTST Deferred Compensation Plan full-time participant transfers into the Kern County 457(b) Deferred Compensation Plan:
As part of your full-time employment, the County has instructed Voya to transfer any PTST Deferred Compensation Plan (#664181) account balance to the 457(b) Deferred Compensation Plan. Shortly after the account balance transfer is processed, Voya will issue a confirmation of transaction activity, showing the account balance contribution into the Plan.
No sooner than 90 days after your account transfer, if you do not actively choose your own investment option(s)*, your account will automatically be enrolled into the Professional Management service offered through Voya Retirement Advisors, LLC (VRA), powered by Morningstar Investment Management LLC, which means that for a fee, an advisor will select your investment options for you. If you want to stay in the Kern Stable Value Fund, you must contact Voya at (800) 584-6001 within the first 90 days and affirmatively elect the Kern Stable Value Fund, otherwise your account will enroll in the Professional Management service.
With the Professional Management service, you will receive personalized advice and guidance from the investment professionals at Morningstar Investment Management that puts recommendations into action for you on an ongoing basis. The quarterly fee is 45 bps per year (that’s $11.25 a quarter per $10,000).
* Investment adviser representative and registered representative of, and securities and investment advisory services offered through, Voya Financial Advisors, Inc. (member SIPC).
IMPORTANT: Projections or other information generated by VRA regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results (including investment results) and are not guarantees of future results. Results may vary with each use and over time. Advisory Services provided by Voya Retirement Advisors, LLC (VRA).
VRA is a member of the Voya Financial (Voya) family of companies. For more information, please read the Voya Retirement Advisors Disclosure Statement, Advisory Services Agreement, and Advisory Services Overview. You may also request these from a VRA Investment Advisor Representative by calling your plan’s information line. VRA has retained Morningstar Investment Management LLC as an independent “financial expert” (as defined in the Department of Labor’s Advisory Opinion 2001-09A) to develop, design, and implement the asset allocations and investment recommendations generated by the Advisory Services. Morningstar Investment Management LLC is a federally registered investment adviser and wholly owned subsidiary of Morningstar, Inc. Neither VRA nor Morningstar Investment Management LLC provides tax or legal advice. If you need tax advice, consult your accountant or if you need legal advice consult your lawyer. Future results are not guaranteed by VRA, Morningstar Investment Management LLC or any other party and past performance is no guarantee of future results. The Morningstar name and logo are registered trademarks of Morningstar, Inc. All other marks are the exclusive property of their respective owners. Morningstar Investment Management LLC and Morningstar, Inc. are not members of the Voya family of companies.