With ICMA-RC, you have the option to participate on both a before-tax basis or after-tax basis.
457 Plan Number 302806
The 457 Deferred Compensation plan administered by ICMA-RC is a defined contribution plan and is similar to a 401(k) plan. Participation is optional and you can change your contributions at any time. Full-time and Part-time employees are eligible to participate in the deferred compensation plan.
With ICMA-RC, you have online access to your account 24/7. With online access, you can change your deferral/contribution amount, change your investment options, change your beneficiary, and view account balances. Note: You must make the 457 deferral changes online. See the 457 Step-by-step guide in the forms section below.
You decide on the amount you would like to contribute per paycheck to the plan and if you would like to contribute on a before-tax or after-tax basis. You choose investment options that you wish to contribute. If an investment selection is not made, your contributions will be placed in the default investment option, which will be one of the age-based TIAA-CREF lifecycle funds. The Lifecycle funds have an investment guide path that changes as you get closer to retirement age.
To get started, refer to the 457 Step-by-step guide below to register your online account and begin contributing. Remember if you do not make investment selections your contribution dollars will be placed into the applicable default TIAA-CREF Lifecycle fund.