Resource Center for VRS Employers: Hybrid Retirement Plan: Defined Contribution Component

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    Maximizing Contributions

    Maximize Contributions

    Help members make the most of their contributions!

    Here are three steps members can take to save to the annual limit and maximize their employer match.

    Get the 2.5% Employer Match First

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    Make a 4% voluntary contribution to your Hybrid 457 Deferred Compensation Plan and get the full employer match of 2.5%.
    Members should maximize their voluntary contribution before contributing to a supplemental savings plan.

    Boost Savings

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    Save to the Annual Limit

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    Members should consider contributing to a supplemental savings plan. It’s important to note that their total contributions to all plans, including the Hybrid 457 Plan and a supplemental plan, cannot exceed the IRS annual limit.
    Employers need to monitor members’ contributions and stop all 457 contributions once the limit is reached.

    Introduces the tools that help members maximize their contributions to meet their retirement goals. SmartStep and Auto Escalation make it easy to increase contributions.
    This quick tutorial for members explains how to increase voluntary contributions. It's simple to do.

    Remind your employees to make changes to their voluntary contributions each quarter.


    Members must request a change before the next 4 p.m. deadline.

    • March 15 — effective April 2021
    • June 15 — effective July 2021
    • September 15 — effective October 2021
    • December 15 — effective January 2022