Welcome to the County of Los Angeles Defined Contribution Plan

Market Timing Update
You may have heard or read in the financial papers about "market timing" or "excessive trading" in funds. In general, the Securities and Exchange Commission's ("SEC") rules define "market timing" to be the frequent buying and selling of fund shares in order to take advantage of the fact that there may be a lag between a change in the value of a fund's respective securities and the reflection of that change in the fund's share price. "Excessive trading" is defined as purchase and sale transactions by a participant that occurs with such frequency and/or such size as to materially affect the fund's ability to meet its investment objective, in the judgment of the fund. Read More

The Horizons Plan Administrative Committee (PAC) has authorized the implementation of a Plan-wide Trade Restriction Program, effective September 1, 2004. Continue

Delaware International Advisors, Ltd. to prohibit new contributions into the Delaware International Value Equity Fund, effective June 14, 2004. Continue

The Horizons Plan Administrative Committee is pleased to announce the selection of Pacific Investments Management Company (PIMCO) as the new Horizons high yield bond fund manager, effective February 18, 2004. Continue

Please consider the investment objectives, risks, fees and expenses carefully before investing. For this and other important information, please obtain the mutual fund prospectuses and disclosure documents by visiting the Horizons Web site at www.countyla.com or by calling the Los Angeles County Service Center at (800) 947-0845. Read them carefully before investing.

Investment options are offered through mutual funds and separately managed institutional accounts and have been selected by the Plan Administrative Committee. Securities are offered through GWFS Equities, Inc., a Great-West Company and NASD member firm.