{"id":2791,"date":"2019-07-25T14:03:44","date_gmt":"2019-07-25T14:03:44","guid":{"rendered":"http:\/\/ffbenefits.ffga.com\/whiteoakisd\/?page_id=2791"},"modified":"2026-02-27T21:20:48","modified_gmt":"2026-02-27T21:20:48","slug":"457b-retirement-plans-2019","status":"publish","type":"page","link":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/457b-retirement-plans-2019\/","title":{"rendered":"457(b) Retirement Plans"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b\">\n.flex_column.av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b av_one_full  avia-builder-el-0  el_before_av_two_third  avia-builder-el-first  first flex_column_div av-zero-column-padding '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jyhrqpwm-877db0bf10b04f63f41ea821bb713d21\">\n.avia-image-container.av-jyhrqpwm-877db0bf10b04f63f41ea821bb713d21 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-jyhrqpwm-877db0bf10b04f63f41ea821bb713d21 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-jyhrqpwm-877db0bf10b04f63f41ea821bb713d21 av-styling- avia-align-center  avia-builder-el-1  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-2775 avia-img-lazy-loading-not-2775 avia_image ' src=\"\/wp-content\/uploads\/sites\/54\/2019\/07\/457b-1500x202.png\" alt='457b retirement plans' title='457b'  height=\"202\" width=\"1500\"  itemprop=\"thumbnailUrl\" srcset=\"\/wp-content\/uploads\/sites\/54\/2019\/07\/457b.png 1500w, \/wp-content\/uploads\/sites\/54\/2019\/07\/457b-300x40.png 300w, \/wp-content\/uploads\/sites\/54\/2019\/07\/457b-768x103.png 768w, \/wp-content\/uploads\/sites\/54\/2019\/07\/457b-1030x139.png 1030w, \/wp-content\/uploads\/sites\/54\/2019\/07\/457b-705x95.png 705w, \/wp-content\/uploads\/sites\/54\/2019\/07\/457b-450x61.png 450w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/div><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-65xldz-ab5d24ccc785e4e0496a3c574589bf88\">\n.flex_column.av-65xldz-ab5d24ccc785e4e0496a3c574589bf88{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-65xldz-ab5d24ccc785e4e0496a3c574589bf88 av_two_third  avia-builder-el-2  el_after_av_one_full  el_before_av_one_third  first flex_column_div av-zero-column-padding column-top-margin'     ><section  class='av_textblock_section av-jx3muuys-b48d46802976f30a2ab505615523f86a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>A 457(b) plan is a Tax-Deferred Retirement Plan available to employees of state and local governmental agencies, including public school employees. They are similar to 401(k) plans because they allow you to place a percentage of your salary into an employer-sponsored plan that helps you save for retirement. You will not have to pay taxes on what you contribute or earnings made until you withdraw the money.<\/p>\n<p><strong>Benefits Include:<\/strong><\/p>\n<ul>\n<li>Investment options: fixed annuities, variable annuities, or mutual funds<\/li>\n<li>Flexibility: start, stop, and adjust your contributions as allowed by your employer&#8217;s plan<\/li>\n<li>Receive periodic account statements<\/li>\n<li>No 10% federal penalty on interest or earnings for early withdrawal<\/li>\n<li>No current federal income taxes on the money you put into the plan until it is time to take withdrawals<\/li>\n<\/ul>\n<p><strong>Contribution Limits<\/strong><\/p>\n<ul>\n<li><strong>2025:<\/strong> $23,500<\/li>\n<li><strong>2026:<\/strong> $24,500<\/li>\n<li>Participants aged 50 and older at any time during the calendar year are permitted to contribute an additional $8,000.<\/li>\n<\/ul>\n<p><em>All investing involves risk. Past performance is not a guarantee of future returns.<\/em><\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c\">\n.flex_column.av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c av_one_third  avia-builder-el-4  el_after_av_two_third  el_before_av_heading  flex_column_div av-zero-column-padding column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bx2hqw-7e1ecc4f70c4640a4abc4297941a810f\">\n.iconbox.av-bx2hqw-7e1ecc4f70c4640a4abc4297941a810f .iconbox_icon{\nbackground-color:#c42032;\n}\n<\/style>\n<article  class='iconbox iconbox_top av-bx2hqw-7e1ecc4f70c4640a4abc4297941a810f  avia-builder-el-5  el_before_av_iconlist  avia-builder-el-first  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\"><div class=\"iconbox_icon heading-color\" aria-hidden='true' data-av_icon='\ue854' data-av_iconfont='entypo-fontello'><\/div><h3 class='iconbox_content_title '  itemprop=\"headline\" ><a href='http:\/\/services.ffga.com\/403(b)-home\/403(b)-employer-information.aspx' title='First Financial Administrators, Inc.' target=\"_blank\" rel=\"noopener noreferrer\">First Financial Administrators, Inc.<\/a><\/h3><\/header><div class='iconbox_content_container '  itemprop=\"text\" ><p>(800) 523-8422, option 2<\/p>\n<p><a href=\"mailto:retirement@ffga.com\">retirement@ffga.com<\/a><\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jv9m4793-d9e537f4a63c621bda7531933613875e\">\n#top .avia-icon-list-container.av-jv9m4793-d9e537f4a63c621bda7531933613875e .iconlist_icon{\ncolor:#ffffff;\nbackground-color:#c42032;\n}\n<\/style>\n<div  class='avia-icon-list-container av-jv9m4793-d9e537f4a63c621bda7531933613875e  avia-builder-el-6  el_after_av_icon_box  avia-builder-el-last '><ul class='avia-icon-list avia_animate_when_almost_visible avia-icon-list-left av-iconlist-big av-jv9m4793-d9e537f4a63c621bda7531933613875e avia-iconlist-animate'>\n<li><div class='iconlist_icon av-2i0ssv-afef7375fcdd9505bbf17a1be6525fef avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue835' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  '  itemprop=\"headline\" ><a href='http:\/\/services.ffga.com\/403(b)-home\/403(b)-employer-information.aspx' title='EMPLOYER PLAN AND PROVIDER INFORMATION'>EMPLOYER PLAN AND PROVIDER INFORMATION<\/a><\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><p>View administration, enrollment, contribution and plan option details.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<li><div class='iconlist_icon av-2julnb-d8bc31a22c13be0ff8dd797994f87dae avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  '  itemprop=\"headline\" >403(b) PLAN INFORMATION<\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><p><a href=\"http:\/\/www.ffga.com\/media\/80892\/universalavailabilitynotice.pdf\" target=\"_blank\" rel=\"noopener\">\u00a0<span class=\"blue\"><u>Universal Availability Notice<\/u><\/span><\/a><\/p>\n<p><a href=\"http:\/\/www.ffga.com\/media\/63148\/f-457dca.pdf\" target=\"_blank\" rel=\"noopener\">\u00a0<span class=\"blue\"><u>457 Deferred Compensation Agreement<\/u><\/span><\/a><\/p>\n<p><a href=\"http:\/\/www.ffga.com\/media\/63151\/f-457uea.pdf\" target=\"_blank\" rel=\"noopener\"> <span class=\"blue\"><u>457 Financial Unforeseen Emergency Application<\/u><\/span><\/a><\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<\/ul><\/div><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2lqbx3-9544c5a2a9d6b3be03cd5b7d43de0d3f\">\n#top .av-special-heading.av-2lqbx3-9544c5a2a9d6b3be03cd5b7d43de0d3f{\npadding-bottom:10px;\n}\nbody 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loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"What is a 457b Plan? Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/ftfr1ow26g?dnt=1#?secret=YK1JreBsFj\" data-secret=\"YK1JreBsFj\" frameborder=\"0\" scrolling=\"no\" width=\"960\" height=\"540\"><\/iframe><\/div><\/script><div class='av-click-to-play-overlay'><div class=\"avia_playpause_icon\"><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2791","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/wp-json\/wp\/v2\/pages\/2791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/wp-json\/wp\/v2\/comments?post=2791"}],"version-history":[{"count":9,"href":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/wp-json\/wp\/v2\/pages\/2791\/revisions"}],"predecessor-version":[{"id":3573,"href":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/wp-json\/wp\/v2\/pages\/2791\/revisions\/3573"}],"wp:attachment":[{"href":"https:\/\/ffbenefits.ffga.com\/whiteoakisd\/wp-json\/wp\/v2\/media?parent=2791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}