457 Deferred Compensation Plan
The WRS Deferred Compensation Plan is designed to help you invest for retirement. You contribute a portion of your salary to the plan each month, and your contributions are automatically deducted from your paycheck – before you’re tempted to spend that money on something else.
The 457 Plan website and online account provides access to a variety of plan information and account functions.
- The 457 plan offers several investment options for you to choose from in deciding where to invest your contributions.
- You are eligible to participate as soon as you begin work.
You are always 100 percent vested in your Deferred Compensation Plan account – meaning you own the full account balance and can take it with you when your employment ends.
- You have the option to start, stop, increase or decrease your contributions at any time. Keep in mind, however, that your elections are effective the month after you submit the paperwork.
- You have the advantage of the WRS Board’s oversight, which works to ensure the investment options in the plan offer opportunities for broad diversification and rigorously evaluate each of the funds in the plan. The Board may remove or replace a fund if it is not performing up to established benchmarks. However, it’s important to keep in mind that the WRS Board cannot guarantee the performance of any fund and is not responsible for investment results.
457 Plan Forms
Forms related to your 457 Plan are available on our Deferred Compensation Forms Page...
457 Deferred Compensation Plan Publications
457 Plan Further Resources
More 457 Plan resources, including resources for goal-setting, assessing your risk tolerance, and choosing an investment strategy are available on the 457 Plan Resources page...