403(b) & 457(b)

Your 403(b) and 457(b) Plans are similar to a 401(k). You get a convenient and automatic way to save for the retirement. It's designed for certain employers like schools, non-profits and governments.

Why Choose American Century Investments®?

As a leading asset manager, we have been helping investors with their financial goals for 60 years. Helping you invest for the retirement you want is our commitment to you. When you invest with us, you can also invest in the future of others and have the potential to impact the lives of millions. Learn how you can make an impact.

Together we can become a powerful force for good.

By choosing American Century Investments for your retirement plan investments, you can count on:

  • A full range of no-load stock, bond and money market mutual funds.
  • No minimums to get started.
  • Your contributions are always yours, even if you change jobs.
  • Investment guidance at no additional cost.

Why Pay Extra?

Why pay extra when you can invest in no-load mutual funds? All of your retirement plan choices are no-load, which means you don't pay any up-front or back-end sales charges1. Over time, that can add up to substantial savings.

1 Both load and no-load funds have an expense ratio, which is the amount (%) of total investment that shareholders pay annually for mutual fund operating expenses and management fees. The expense ratio is taken out of each fund's current income, is disclosed in the prospectus and can be located on performance tables for each fund.

Contributions & Fees

How Much Can I Contribute?

  • Under Age 50: Payroll deductions up to $20,500*
  • Age 50 or Older: Payroll deductions up to $20,500*, plus $6,500* in catch-up contributions (if plan permits)
  • 403(b)s and 457(b)s allow additional catch-up contributions too
  • 403(b) combined employee and employer contributions (excluding catch-up) cannot exceed 100% of your pay or $61,000*, whichever is less

* Limits listed are for 2022, set by the IRS sets annually.

Contribution Types

  • Pretax contributions reduce your current income
  • Roth contributions are taken after taxes, but allow tax-free qualified withdrawals when you retire (Not available on all plans)

Custodial Fees

  • Waived if you have $10,000 or more in investments; $15.00 annual custodial fee per fund if you have less than $10,000

Get more details about 403(b)/457(b) .

Investment Options

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Explore Our Diversified Portfolios

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Explore Our Full List of Mutual Funds

 

Enroll in Your 403(b)

Step 1: Review the Custodial Agreement .

Step 2: Complete the 403(b) Account Application online in less than 15 minutes. Review information about our services, expenses and fees.

Step 3: Complete a Salary Reduction Agreement  and return to your benefits or payroll office.

Enroll in Your 457(b)

Step 1: Review the Custodial Agreement .

Step 2: Complete the 457(b) Account Application online in less than 15 minutes.

Step 3: Complete a Salary Reduction Agreement  and return to your benefits or payroll office.

Manage Your Retirement Investments Easier

Having all of your retirement savings in one place can make it easier to track your progress toward your goal. Consider consolidating your investments with us. Complete the Request to Transfer  form to get started.

Not Sure Where to Start?

Speak with a Business & Retirement Specialist

Call us at 1-800-345-3533 or request a call from a Business & Retirement Specialist.

Access Our Online Resources

Our tools and resources are designed to assist you in planning for retirement.

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Request a Call

IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.

This information is for educational purposes only and is not intended as a personalized recommendation or fiduciary advice. There are different options available for your retirement plan investments. You should consider all options before making a decision. Our representatives can help you evaluate all of your distribution options.

Diversification does not assure a profit nor does it protect against loss of principal.

IRA investment earnings are not taxed. Depending on the type of IRA and certain other factors, these earnings, as well as the original contributions, may be taxed at your ordinary income tax rate upon withdrawal. A 10% penalty may be imposed for early withdrawal before age 59½.

Please consult your tax advisor for more detailed information regarding the Roth IRA or for advice regarding your individual situation.

Taxes are deferred until withdrawal if the requirements are met. A 10% penalty may be imposed for withdrawal prior to reaching age 59½.