Congratulations on deciding to enroll in the Placer County deferred compensation plans.
Enroll in the plans
To enroll, visit Workday and navigate to the Benefits Change page. See this Job Aid for step-by-step instructions. For more information about the Placer County Deferred Compensation Plan, review the enrollment kit . For more information about the Retirement Accumulation Plan for the Employees of the County of Placer, review the enrollment kit .
Interested in the Self-Directed Brokerage Account (SDBA) with the Schwab Personal Choice Retirement Account® (PCRA), visit its
home page
to learn more. To enroll in the PCRA, go to
www.schwab.com/pcraopen
. There you’ll be asked to input your Social Security number along with the retirement plan ID and plan access code. To obtain your retirement plan ID and plan access code, please call Lincoln at 800-234-3500. Then follow the steps to complete the online PCRA Application and click “Submit”.
Manage your account online
It's time to take charge of your retirement! Get started today by registering for online account access.
Learn more.
Get help with your account
- Change your contributions at anytime through Workday.
- Reallocate your balance or update investment elections by logging in to your account at LincolnFinancial.com . Go to the Investments tab and click Change investments, then click the CHANGE INVESTMENTS button and follow the prompts. Click SUBMIT CHANGES to confirm your changes. If you've elected a model, it may automatically rebalance for you. Contact your Lincoln Financial retirement representative if you have questions.
- Take a distribution. You may withdraw money from your account for a qualifying event.
- Please remember: Taxes may be due upon distribution and, if taken before age 59½, distributions from the 401(k) plan may be subject to an additional 10% federal tax penalty. In order for earnings on your Roth contributions to be withdrawn without paying taxes or penalties, your distribution must be qualified. You should consult with a tax advisor before withdrawing money from your account. Once you are ready to take a distribution, you can contact your Lincoln Financial retirement consultant.