457(b) Deferred Compensation Plan

A 457(b) is a section of the Internal Revenue Code that allows state or local governments to establish a special kind of retirement plan known as the deferred compensation plan or DCP.
Round Rock ISD employees are eligible to participate in a 457(b).

Round Rock ISD partners with Corebridge Financial to offer employees investment options.

What can a 457(b) plan do for you?:

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Tax-deferred accumulation – defer taxes on savings until age 70½

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Pretax contributions – Reduce current taxable income

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Investment flexibility – choose from an array of innovative investment options

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Employees can enroll in both a 403(b) /457(b) plans to maximize their retirement savings

Illustration of a senior woman with money in hand. Behind her is a bank of coins with a tree to indicate growing savings.

Corebridge Financial

Corebridge Financial brings you the expertise, investment options and personal services to help keep things simple.  AIG offers enrollment assistance, investment options, fee disclosure and more.

 457(b) Deferred Compensation Plan Overview

457(b) / 403(b)  What are the Differences in the two Plans?

Corebridge also offers:

  • Investment flexibility
  • Personal, face-to-face service
  • Comprehensive financial planning
  • Personal retirement advice and portfolio management

Corebridge Financial

Client Care:  1-888-280-1243

Call a Corebridge representative below to discuss all your retirement savings options. 

Brent Harper
Financial Advisor
(512) 638-9827
brent.harper@corebridgefinancial.com
District Office: (512) 231-0225
3737 Executive Center Dr, Ste 111, Austin, TX 78731

Brittney Harper
Financial Advisor
(254) 500-7144
brittney.harper@corebridgefinancial.com
District Office: (512) 231-0225
3737 Executive Center Dr, Ste 111, Austin, TX 78731

Jake Koller
Financial Advisor   
(512) 985-7879
jacob.koller@corebridgefinancial.com
District Office: (512) 231-0225
3737 Executive Center Dr, Ste 111, Austin, TX 78731

 

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Payroll Deduction Salary Reduction Agreement

Participants must complete a “Salary Reduction Agreement” (SRA) form and any disclosure forms necessary, which authorized the employer to withhold 457(b) contributions from their pay and send those funds to the investment provider on their behalf.

  • Print the Salary Reduction Agreement form (downloads PDF)
  • Complete the SRA form
  • Fax the Completed SRA form to Corebridge Financial at 1-866-908-7582 (information found on page two of the SRA form)
  • Open an account with Corebridge Financial
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Limits of Annual Contributions

There are limits on how much you may contribute. The Internal Revenue Service has published a pamphlet (Publication 571) which outlines the limits.