Summary: Comparison of a 403(b) plan and the Texa$aver 457 Plan
403(b) Plan 457 Plan
Eligibility
Part-time and full-time
state employees, upon
date of hire or anytime
thereafter. Excludes
higher education
employees.
Part-time and full-time state and higher
education employees, upon date of hire or
anytime thereafter.
Maximum
annual
Deferral
100% of 401(k) eligible
compensation or $16,500*
per year, whichever is
less.
100% of 457 eligible compensation or

Source: Azevedo, Ricardo - Department of Biology and Biochemistry, University of Houston

Collections: Biology and Medicine; Environmental Sciences and Ecology