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
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.
- Go to the List of Participating Vendors.
- In the drop-down menu, select your employer, West Valley-Mission Community College District.
- 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.
- Select a vendor from the options available and set up a 403(b) account.
- If you like to further compare vendors, visit 403bcompare.
- You may enroll your account directly with the vendor, or through a financial planner or tax consultant.
You may enroll in a 457 administered by Alta Montclair or CalPERS Voya.
- Go to the List of Participating Vendors.
- In the drop-down menu, select your employer, West Valley-Mission Community College District.
- You’ll see a list of vendors who offer 403(b) plans for WVMCCD.
- Note: You have to scroll down past the 403(b) vendors to find the 457 vendors.
- Select a vendor from the options available and set up a 403(b) account.
- You may enroll your account directly with the vendor, or through a financial planner or tax consultant.
- Complete the 457 Plan Enrollment Form with one of the Alta Montclair vendors and return it to the Payroll Department.
You may enroll in a 457 administered by Alta Montclair or CalPERS Voya.
- Review information about the CalPERS Voya 457.
- Complete the 457 Plan Enrollment Form and return it to the Payroll Department.