Tax Deferred 403(b), 457 Deferred Compensation and ROTH 403(b)

Whether you participate in retirement or not, you are eligible to contribute pre-tax contributions into a Tax Deferred Account (TDA), a Roth 403(b) and/or a Deferred Compensation Program (457). Each of these types of plans are supplemental retirement savings plans that you can contribute to in order to supplement your regular retirement through TRS/ORP. Neither plan receives a state contribution.  The benefit of the TDA and 457 plan is the tax sheltering of your contributions until retirement age (or withdrawal of your account after termination of employment, if prior to retirement). Roth accounts are after tax contributions with the benefit of deferring taxes on earnings and tax-free withdrawals during retirement.


For enrollment into a voluntary 403b plan contact an authorized provider to participate in the 403b plan and log into Retirement Manager. The User ID for this system is your Oracle ID and can be obtained by logging into your TWU Benefits Portal.  You can also contact the benefits team if you need assistance.

For enrollment in the 457 programs, contact Empower to review their investment options and other important information.

Employees can enroll or update elections to these plans anytime throughout the year.  All new enrollments, updates, and cancelations are effective the first of the month following the election date.

Universal Eligibility Notification -- Voluntary 403b Savings Plans

All employees are eligible to contribute to a Voluntary 403b. 

2023 Contribution Limits
Minimum contribution $20/month
2023 403(b) and 457(b) annual maximum contributions are as follows:
General Limit: $22,500
Age 50 Catch-up $7,500
Aggregate cap $66,000 (maximum for all combinations of 403(b), including Roth, ORP, and voluntary TSA)
Compensation Limit: $330,000.


Article ID: 31170
Thu 6/1/17 5:14 PM
Tue 5/30/23 9:57 PM