Every summer, we post annual fee changes for DCP and Plan 3 investments. Fees are based on the cost to manage the investments and vary by fund type. The revised fee tables are available now on the DCP and Plan 3 pages. DRS investment options are provided by WSIB (Washington State Investment Board). At just a fraction of a…
Tag Archives: DCP
DCP Roth and Roth IRA – What’s the difference?
Washington’s Deferred Compensation Program (DCP) offers a Roth option in addition to the traditional pretax option many customers contribute to. Here we’ll take a look at questions you’ve asked about the newer Roth option, especially in comparison to a Roth IRA. While DCP is available only through employers, an IRA, or Individual Retirement Account, is…
Your DCP contribution changes can happen sooner
In May, you might notice that the timing for your Deferred Compensation Program (DCP) contribution changes are happening sooner. SECURE Act 2.0 of 2022, part of the Consolidated Appropriations Act (CAA) of 2023, builds on and expands the SECURE Act of 2019 to improve retirement savings opportunities. Before this option was added, contribution updates took…
Socially responsible investments changing
Changes are coming to the Socially Responsible Investment (SRI) Balanced Fund for those with an investment account in DCP, Plan 3 or JRA. In April 2024, the SRI changes from a balanced fund – invested in both stocks and bonds – to a new SRI that solely invests in stocks. This represents higher potential long-term…
What is DB, DC and DCP?
When it comes to your retirement plan, have you seen these acronyms? If you have an investment account or visited the DRS website, there’s a good chance you have. While there are many acronyms you might see when it comes to retirement, these are a few of the most common. We thought this might be…
DCP Roth now available
Questions about the new DCP Roth option? Start here.
Episode 24 – A Roth option for DCP
[musical intro] Jenny Welcome back to Fund Your Future with DRS. Today we’re excited to talk about a new savings option that will become available to DCP customers this fall. Starting October 1st, the DCP or Deferred Compensation Program will have a Roth option, and we have Catherine here today, who works at DRS as…
Transferring investment accounts
Find out about the advantages.
Episode 22 – Investing when the stock market is down
It can be frustrating to invest when the stock market is going down or sideways. Find out how to stay calm, invest for the long-run and take advantage of compound interest. Episode transcript: [musical intro] Jenny Welcome back to Fund Your Future with DRS. And we wanted to take some time on our podcast, to….…
Episode 21 – DCP earnings and annuities
Your DCP funds are like a large savings account. When you retire, you have several options for how you can use that money. We look at the options for taking money out of the account. One popular choice includes purchasing an annuity that will guarantee the funds last for your lifetime. Episode transcript: [musical intro]…
