Supplemental Retirement Plans

About Supplemental Retirement Plans

Wright State employees participate in one of the mandatory State retirement systems OPERS, STRS, or the Alternative Retirement Plan (ARP) which serves as the foundation of retirement income. 

In addition to these required plans, many employees choose to save extra funds to support their long-term financial goals.

To help build a more secure retirement, Wright State University offers voluntary supplemental retirement plans, including the 403(b) and 457(b) to all employees, including adjunct. These plans allow employees to contribute additional savings through payroll deduction on either a pre‑tax or after‑tax (Roth) basis.

403(b) Plan

A 403(b) plan is a retirement savings plan offered by public schools and nonprofit organizations. Participation is voluntary, meaning only the employee contributes additional funds to this account.

Traditional 403(b) contributions are made on a pre-tax basis, meaning they are not subject to federal or state income tax until they are withdrawn.

Employees may also choose a Roth 403(b) option. Roth contributions are made on an after-tax basis, but qualified withdrawals, including earnings, are tax-free when distributed.

403(b) IRS Information

Enrollment & Payroll Contribution Changes

Employees must establish a 403(b) plan by opening an account with a university-approved retirement vendor. All changes to payroll contributions must be initiated through Retirement Manager, not directly with your retirement vendor. Deductions will begin on the pay date you select, provided the request is received by the payroll deadline.

Contribution Limits

• Age 49 or Younger: $24, 500
• Ages 50-59, 64+: $32,500 (includes $8,000 catchup contribution)
• Ages 60-63: $35,750 (includes $11,250 catchup contribution)

Approved 403(b) Retirement Vendors

Vendor Comparison Guide (PDF)

457(b) Plan

A 457(b) plan is a retirement savings plan offered by certain state and local governments, and nonprofit organizations. Participation is voluntary, meaning only the employee contributes additional funds to this account.

Traditional 457(b) contributions are made on a pre-tax basis, meaning they are not subject to federal or state income tax until they are withdrawn.

Employees may also choose a Roth 457(b) option. Roth contributions are made on an after-tax basis, but qualified withdrawals, including earnings, are tax-free when distributed.

457(b) IRS Information

Enrollment & Payroll Contribution Changes

Employees must establish a 457(b) plan by opening an account with a university-approved retirement vendor. All changes to payroll contributions must be initiated through Retirement Manager, not directly with your retirement vendor with the exception of Ohio Deferred Compensation. Deductions will begin on the pay date you select, provided the request is received by the payroll deadline.

Contribution Limits

• Age 49 or Younger: $24, 500
• Ages 50-59, 64+: $32,500 (includes $8,000 catchup contribution)
• Ages 60-63: $35,750 (includes $11,250 catchup contribution)

Approved 457(b) Retirement Vendors

Vendor Comparison Guide (PDF)