CalPERS Employer Resource Center

I'm ready to start the adoption process

The CalPERS 457 Plan is a deferred compensation plan administered by CalPERS, a California state agency. Since 1995, CalPERS has provided public agency and school employers and their employees a low-cost, convenient way to save for retirement through payroll deduction. The 457 Plan offers diversified investment options and state-of-the-art services, delivered at low cost to participants and at no cost to employers.

Success Factors

•	No cost to employers.
•	Low costs for employees.
•	Dedicated support for employers.
•	Excellent customer service and participant education.
•	Uncomplicated administrative processes.
•	A simple, fair fee structure covers plan administration, recordkeeping and investments.
•	Over 20 years of experience serving California public agency and school employers and their employees.
•	CalPERS does not engage in revenue sharing or administrative expense reimbursement.

Advantages For You

•	You can provide another valuable benefit to your employees at no cost to your agency.
•	To help you manage your fiduciary responsibility, CalPERS:
	>	acts as the trustee of your employees’ deferred compensation assets.
	>	selects the investment options.
	>	monitors contribution limits.
	>	leverages existing payroll deduction feeds into my\|CalPERS to receive your employees’ 457 Plan deferrals and loan repayments.
	>	provides guidance on compliance with IRS regulations.

Why choose the CalPERS 457 Plan?
	Watch the 15-minute, on-demand video A Simple Way to Save for the Future.
	Read why employers like you choose the CalPERS 457 Plan.

Questions? Contact CalPERS

^ TOP OF PAGE

For more information on adding the CalPERS 457 Plan, please contact our Business Development Manager, Michael Kleczek.

The local CalPERS 457 Account Managers are also available to help. Organized by region — call or email your local Account Manager today!

We’re ready to help. If you have any questions or need additional information, call Michael at 916-521-2943 and talk with our local experts who know the CalPERS 457 Plan well.

Michael Kleczek
CalPERS 457 Business Development Manager
Phone: 916-521-2943
michael.kleczek@voya.com