Notice of Deferred Compensation Plan Mailing Error

Due to an administrative error on the part of our Deferred Compensation Plan (DCP) administrator, Voya, you may have received a communication regarding the minimum balance requirement for the DCP’s Self-Directed Brokerage Option (SDBO) offered through Charles Schwab. The communication was intended for a specific subset of participants but was incorrectly sent to all DCP participants, as well as those who are eligible for the program. It was sent via the United States Postal Service and may have already arrived at your address of record. It is general in nature and does not include personally identifiable information. For reference, a copy is provided here. 

The letter can be disregarded. If you were an intended recipient, we will reissue it at a later date with specific confirmation that it is intended for you. 

On behalf of the DCP, we apologize for the confusion and inconvenience. If you have any further questions or concerns regarding this matter, please contact us at LA457@lacity.org. You may also contact our executive staff: Steven Montagna at (213) 978-1621 or Daniel Powell at (213) 978-1597.