PERAPlus 401(k)/457 Plan

Visit the PERAPlus 401(k)/457 Plans Website

PERAPlus 401(k) and 457 Plans

Enrollment in the PERAPlus 401(k) and 457 voluntary retirement savings plans is available at any time. Both Plans offer the same PERAdvantage investment options and Empower Retirement (Empower) is the recordkeeper for both Plans.

PERAPlus 401(k) Plan Enrollment

Enrollment is available for all employees of a PERA employer.

PERAPlus 457 Plan Enrollment

Enrollment is allowed only if your employer has affiliated with the PERAPlus 457 Plan.

Roth Option

The PERAPlus 401(k) and 457 Plans also offer a Roth option that can help participants save toward the future and may also provide tax-free withdrawals at retirement. Unlike traditional PERAPlus 401(k)/457 pre-tax contributions, Roth contributions are taxed before the money is contributed to the Plan. Any earnings on Roth contributions grow tax-free and distributions will also be free of federal (and where applicable, state and local) income taxes, provided they are qualified distributions.

Roth contributions are only available to employees whose employers have adopted the Roth option.

Plan Websites

Access the PERAPlus 401(k) and 457 Plan website to find forms, publications, and information on enrollment, the PERAdvantage funds, fund fees, and fund performance. 

Contribution Limits

The annual maximum contribution limits for the PERAPlus 401(k) and 457 Plans are:

  2022 Limits
Total Contribution Limit for Each Plan
(both Roth and pre-tax contributions count towards this limit)
Catch-Up Contribution Limit
(For participants age 50 and older and who are contributing the maximum amount to the Plan)