RSA-1Website: RSA-1 |
TIAAWebsite: TIAA |
The 457(b) Plan is also a voluntary, defined-contribution, tax-deferred as well as Roth after-tax plan governed by Internal Revenue Code 457(b). Similar to the 403(b) plan, the 457(b) plan offers the same expanded investment options, convenient payroll deductions, pre-tax contributions, and tax-deferred growth through TIAA.
University employees may also contribute to RSA-1 457(b) retirement plan through the Teachers' Retirement Systems of Alabama.
Contribution Limits
Employee contributions limits for 403(b) and 457(b) pre-tax and roth plans are set by the IRS. The limits are applicable to contributions made in a calendar year (January - December).
| Pre-Tax and Roth Plans | Employee Calendar Year Limits Under Age 50 | Employee Calendar Year Limits Age 50 or older |
|---|---|---|
| 403(b) Plan | $23,000 | $30,500 |
| 457(b) Plan | $23,000 | $30,500 |
| Both 403(b) and 457(b) plans | $46,000 | $61,000 |
How to Enroll
TIAA Quick Guide - This guide will provide instructions and tips to enroll, change contributions, investments, transfer assets, and change your beneficiary designation.
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Retirement Counseling
On-campus individual counseling appointments are available with a financial advisor with TIAA. Click here to view the upcoming counseling sessions.
