February 28, 2017
America Saves Week: Savings plans offered through K-State
Submitted by Human Capital Services - Benefits
Did you know that one of the easiest ways to save for retirement is through an employer plan like a 403(b) voluntary retirement account or a 457(b) deferred compensation plan? Did you know that Kansas State University offers these savings plan for employees? From pre-tax to after tax, Kansas State University is here to help.
What does K-State offer? Kansas State University also offers a Voluntary 403(b) Retirement Plan to all benefit-eligible employees. This plan allows employees to invest through payroll deduction with a retirement provider approved by the Kansas Board of Regents, or KBOR. Contributions may be pre-tax, after tax, or a combination of pre-tax and after tax to the maximum allowed by the IRS. The university makes it easy to contribute to this plan through payroll deduction. If you would like to start the Voluntary 403(b) Retirement Plan, please complete a PER-19 for pre-tax contributions or a PER-19R for after-tax contributions. Once completed return the form to firstname.lastname@example.org.
The KPERS 457 Deferred Compensation Plan is a supplemental retirement savings option that is administered by Great West Financial. This plan allows employees to supplement any existing retirement benefits by saving and investing through a voluntary salary contribution. The employee contributes pre-tax and after-tax dollars up to the individual maximum. The university makes it easy to contribute to this plan through payroll deduction. If interested in participating in a KPERS 457 Retirement Plan, please visit the KPERS 457 website to enroll.
Interested in learning more? Visit the Benefits webpage.
Questions? We are here to help. Contact us at email@example.com.