Maximizing Contributions
Maximize Contributions
Help members make the most of their contributions!
Here are three steps members can take to save to the annual limit and maximize their employer match.
Get the 2.5% Employer Match First
Make a 4% voluntary contribution to your Hybrid 457 Deferred Compensation Plan and get the full employer match of 2.5%.
Members should maximize their voluntary contribution before contributing to a supplemental savings plan.
Boost Savings
- Encourage members to use the Hybrid Paycheck Calculator to visualize the impact of saving on their paychecks.
- It’s good practice for members to Log in to Account Access to review and increase their contributions each year.
- If they have questions about their contribution strategy, members should contact their DC Plans Specialist for assistance.
Save to the Annual Limit
Members should consider contributing to a supplemental savings plan. It’s important to note that their total contributions to all plans, including the Hybrid 457 Plan and a supplemental plan, cannot exceed the IRS annual limit.
Employers need to monitor members’ contributions and stop all 457 contributions once the limit is reached.