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HR Director Proposes Moving Employees to State 457(b) Plan to Cut Fees
Summary
HR Director Matchett told commissioners Carroll County is already enrolled in the state 457(b) deferred-compensation plan (run by Empower) with lower fees than the county's Nationwide plan; she asked permission to map and, if needed, mandate the 10 currently enrolled employees to the state plan after consulting those employees.
Carroll County’s HR director told commissioners on Feb. 20 that the county is already part of the state 457(b) deferred-compensation plan and that plan’s lower fees could increase employees' investment returns compared with the county’s existing Nationwide plan.
Director Matchett said…
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