The PERAPlus 401(k) and 457 Plans are voluntary investment accounts that allow you to save extra money for retirement, in addition to what you contribute to your PERA account. All employees of PERA-affiliated employers may enroll in the PERAPlus 401(k) Plan, however, enrollment in the PERAPlus 457 Plan is only available to employees/members who work for PERA employers who have affiliated with the PERAPlus 457 Plan.

Both the PERAPlus 401(k) and 457 Plans allow you to contribute pre-tax dollars that you can invest. While 401(k) plans are common with public and private employers, 457 plans are usually offered by state and local governments and some nonprofits. A main difference between 401(k) plans and 457 plans is that while a 401(k) requires you to reach a certain age before withdrawing money without a tax penalty, a 457 plan does not. 

Enrollment in the PERAPlus 457 Plan is allowed only if your employer has affiliated with the PERAPlus 457 Plan. Contact your employer to find out if you’re eligible to enroll. 

Click here to begin enrollment in the PERAPlus 401(k) plan. 

If you are working for a PERA-affiliated employer but are not a PERA member, you may enroll by completing the 401(k) Participant Information Form. 

Click here to begin enrollment in the PERAPlus 457 plan. 

If you are working for a PERAPlus 457 Plan-affiliated employer but are not a PERA member, you may enroll by completing the 457 Participant Information Form. 

No. Enrollment in the PERAPlus 401(k) and 457 Plans is voluntary and is available at any time. Click here for more information.