Tax-deferred annuities, tax-deferred custodial accounts, and Section 457(b) Deferred Compensation Plans enable you to save for retirement without paying current federal and Ohio income taxes on the amount saved. Faculty and Staff may contribute on a voluntary basis to one or more tax-deferred annuity carriers, mutual fund groups, and deferred compensation plans carriers. Contributions are by payroll deduction on a pre-tax basis.
To participate in either a 403(b) tax-sheltered annuity plan or a 457(b) deferred compensation plan, you will need to select a vendor from the following respective lists:
403(b): One of these approved vendors can be selected for your 403(b) Contributions.
These are inactive 403(b) vendors who may still be handling prior 403(b) balances.
457(b): One of these approved vendors can be selected for your 457(b) Contributions.
*Questions can be directed to Advisory Center counselors at these telephone numbers. 403(b) and 457(b) accounts must be created prior to establishing contributions in Retirement Manager. Please visit the Retirement Manager page for information on establishing a payroll contribution.
