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403(b) and 457 Plans

It’s never too early to plan for retirement. We offer two voluntary retirement account options to help you reach your retirement goals: the 403(b) and/or the 457. Both options allow you to set aside money on a tax-advantaged basis.

Not sure which type of plan is right for you? Compare the 403(b) and the 457.

Enrollment Resources

CalPERS 457 Enrollment KitCalPERS 457 Personal Phone Review Information

2024 Annual Contribution Limits*

Your investment choices allow for traditional pre-tax contributions and/or post-tax Roth contributions.

Participants 403(b) 457 Total
Under Age 50 $23,000 $23,000 $46,000
Over Age 50 $30,500 $30,500 $61,000

* Contribution limits for the 403(b) and 457 are subject to change annually.

How to Enroll

Follow the steps listed below for each of the plans.

  1. Go to the List of Participating Vendors.
  2. In the drop-down menu, select your employer, West Valley-Mission Community College District.
  3. You’ll see a list of vendors who offer 403(b) plans for WVMCCD. This chart will tell you if the vendor offers a pre-tax plan and/or a Roth plan.
  4. Select a vendor from the options available and set up a 403(b) account.
  5. If you like to further compare vendors, visit 403bcompare.
  6. You may enroll your account directly with the vendor, or through a financial planner or tax consultant.
For assistance with registration, reach out to Employee Benefit Services and Advisors by phone at 408-978-1000 or by email at [email protected]

You may enroll in a 457 administered by Alta Montclair or CalPERS Voya.

  1. Go to the List of Participating Vendors.
  2. In the drop-down menu, select your employer, West Valley-Mission Community College District.
  3. Review list of vendors who offer 403(b) plans for WVMCCD.
    Note: Scroll down past the 403(b) vendors to find the 457 vendors.
  4. Select a vendor from the options available and set up a 403(b) account.
  5. You may enroll your account directly with the vendor, or through a financial planner or tax consultant.
  6. Complete the 457 Plan Enrollment Form with one of the Alta Montclair vendors and return it to the Payroll Department.
For assistance with registration, reach out to Employee Benefit Services and Advisors by phone at 408-978-1000 or by email at [email protected]

You may enroll in a 457 administered by Alta Montclair or CalPERS Voya.

  1. Review information about the CalPERS Voya 457.
  2. Complete the 457 Plan Enrollment Form and return it to the Payroll Department.