DRS Notice 23-019, Roth Option Now Available in DCP
DRS Notice 23-019
Date: October 20, 2023
Applies to: All DCP Employers
Subject: DRS Notice 23-019, Roth Option Now Available in DCP
Roth is now live for all Deferred Compensation Program (DCP) customers. You could start seeing Roth deferral changes for your employees on your deferral change report soon.
How do employees add Roth?
Current DCP participants can now elect the Roth option within DCP by logging into their account or by calling Voya at 888-327-5596.
If an employee is not yet enrolled in DCP, they can sign up with this form. The DCP enrollment form has been updated with the new option.
These resources are available to help you prepare for the Roth option:
Prior Roth notices
- DRS Notice 23-0012, Reporting Training Available for DCP Roth, released Sept. 7, 2023
- DRS Notice 23-007, Preparing for October DCP Roth Option, released July 6, 2023
- DRS Notice 23-003, Roth Update for DCP Employers, released Feb. 3, 2023
- DRS Notice 22-004, New Roth 457 option coming to DCP, released April 7, 2022
If you have any questions regarding this DRS Notice, please contact Employer Support Services at 360-664-7200, option 2, or 800-547-6657, option 6, option 2; or email us.