457(b) Retirement Plan

RSA-1

Website: RSA-1
Phone: 877.517.0020

TIAA/CREF

Website: TIAA/CREF
Phone: 800.842.2776

VALIC

Website: VALIC
Phone:
 800.448.2542


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 both TIAA-CREF and VALIC.

University employees may also contribute to RSA-1 457(b) retirement plan through the Teachers' Retirement Systems of Alabama.

Contribution Limits

Participants under age 50 can contribute up to $18,000 pre-tax to to the 457(b) plan in 2015. (If you participate in the 403(b) plan, you can also contribute $18,000 for a total of $36,000).

Participants age 50 or over can contribute up to $24,000 pre-tax to the 4573(b) plan in 2015 (If you participate in the 403(b) plan, you can also contribute $24,000 for a total of $48,000). 

The above limits include Roth contribution amounts. 

 

Retirement Counseling

On-campus individual counseling appointments are available with a financial advisor with TIAA-CREF or VALIC.

TIAA/CREF

Financial Advisor
Kevin Porter
Phone:
 800.732.8353

VALIC

Financial Advisor
Don Odendahl
Phone: 
256.337.9758