Taking a loan from his/her Deferred Compensation Plan account can greatly impact ones future account balance. Therefore, a participant should consider other ways to cover unexpected expenses. The minimum loan amount available from either the 457 or the 401(k) Plan is $2,500. The Maximum Loan Amount a participant may obtain is the lesser of: Deferred Compensation Loan Program will charge an administrative fee of $ plus a maintenance fee of $ per quarter ($ per year) and will only issue loans of you repay them in five (5) years. The interest rate will be prime rate plus 1% (currently ) which will be paid back into member’s Loan Amount: The lesser of (1) 50% of the value of The participant’s account and (2) $50,000 Interest Rate: The interest rate is the prime rate published in the Wall Street Journal, plus one percent, determined 10 business days prior to the end of the calendar quarter in which the loan is initiated. EligibilityLoan interest rate: Prime plus 1%; Loan Repayment: Occurs via payroll deduction on or about the 10th of each month; Outstanding Loans: Each participant is limited to one active loan at a time; Please refer to the Board Order to determine if your bargaining unit has approved participating in the Deferred Compensation Loan New York City Deferred Compensation Plan has two programs, the 457 plan and 401(k) plan. You can choose to sign up for either the 457 or 401(k) plan, or both if eligible. As a City employee, you may also choose to invest in the NYCE IRA, which is an individual retirement account with no sales charges and low investment management Deferred Compensation Plan - Percent Cash/Cash Equivalents BlackRock - New York State AAA/Aaa Separate Account Barings Core - NYS AA-/Aa3 Wrapped Fixed Income Earnest Partners Short - NYS AAA/Aa1 IR+M Int G/C - NYS AA-/Aa2 JPM Int Gov/Credit - NYS AA/Aa2 Jennison Int Core - NYS AA/Aaa Longfellow 1-3 G/C - NYS AA-/Aa3

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