All municipalities, and other political subdivisions, of the State of Arkansas are eligible to utilize the State of Arkansas Deferred Compensation Plan, commonly referred to as the AR Diamond Plan. The AR Diamond Plan can be made available to employees at no cost to the city.
Other Plan benefits include a simplified plan structure, low cost and a local service team. As many as 50 different municipalities currently take advantage of the AR Diamond Plan. As Plan consultant, Stephens assists the state in the selection and ongoing monitoring of all plan investment options. Voya FinancialTM is the record keeper and administrator of the plan. Click here for more information.