401(k), 403(b), and 457(b), Roth 403(b)
Supplemental retirement plans (SRA) are available to University employees to help build retirement security through additional savings. Contributions are not matched by the University, but they are deducted before income taxes and deposited each pay period with the provider or providers chosen by the employee. An after-tax Roth 403(b) retirement plan is also available, which offers tax-free withdrawals at retirement. Changes to contribution amounts can be made at any time by completing and submitting a new salary reduction form for the plan.
Keep in mind
There are 26 paychecks in a calendar year.
SRA options and a SRA form
Supplemental Retirement Account (SRA) Authorization Form
View supplemental retirement savings vendors here.
401(k) – PERSI Choice
The PERSI Choice plan is a defined contribution 401(k) plan available only to benefit-eligible PERSI participants that work 20 hours/week for five (5) or more months.
- The contribution limit for the calendar year 2024 is $23,000.
- The catch-up amount of $7,500 for employees age 50 or over.
- The maximum contribution amount of an employee aged 50 or older would be $30,500. For more information and enrollment forms, please visit the PERSI website.
- This limit is shared with 403(b).
403(b)
The 403(b) plans are defined contribution plans available to all University employees through a select group of vendors. To enroll, you must first contact the vendor to set up an account. Once you have established a vendor account, you must submit a completed SRA form (link above).
403(b) Roth – After Tax
The Roth 403(b) is an after-tax retirement saving option through payroll deduction, with tax-free withdrawals of interest and earnings at retirement. Once you have established a vendor account, you must submit a completed SRA form (link above).
457(b)
The 457(b) is a non-qualified deferred compensation plan that is available to all University employees through the following vendors.
- The contribution limit for the calendar year 2024 is $23,000.
- The catch-up amount of $7,500 for employees age 50 or over.
- The maximum contribution amount of an employee aged 50 or older would be $30,500.
- This limit is separate from 401(k)/403(b) accounts.
Once you have established a vendor account, you must submit a completed SRA form (link above).
Please, contact Human Resources if you encounter any access barriers, challenges or require the content in another format to fully access the information at hrs@boisestate.edu or (208) 426-1616.