Effective April 1, 2022, Empower officially acquired the full-service retirement business of Prudential. For more details, review the important information associated with the acquisition PDF File opens in a new window.
Online:
By phone:
Online:
By phone:
To change your contribution to the 457 or 403(b) Plan:
Online:
By paper:
From the Forms page, download, complete and return the plan's Contribution Rate Change Request Form.
For 403(b) Plan Participants: If you contribute from multiple employee record numbers with the same agency, the lower record number is used for online transactions. For additional deductions from multiple employee records for the same agency, please use the 403(b) Plan Contribution Rate Change Form.
By phone:
Important: Contribution changes will take effect on the next pay period as indicated on Prudential's Payroll Cut-Off Date Schedule . The cut-off date is the last day on which you can submit a change for the corresponding pay period. Forms and online transactions received by 4 p.m. ET of the cut-off date will take effect on the corresponding paycheck date; requests received after the cut-off date will take effect with the following paycheck.
You may request a withdrawal in three ways:
A pre-tax contribution of your final vacation/sick leave payout can reduce the taxes withheld from your last paycheck and boost the savings in your 457 or 403(b) Plan account. Even so, this process requires planning: Before completing any contribution forms, ask your payroll officer to confirm the amount and date of your vacation/sick leave payout. Your total annual contribution (final payout contribution plus year-to-date contributions) cannot exceed annual IRS limits. If you do not have an account, please follow the directions above to enroll.
Contribution forms or online elections must be received by Prudential by the payroll cut-off date for your final paycheck. To change or initiate a contribution:
Online:
By paper:
From the Forms page, download, complete and return your plan's Deferral of Vacation & Sick Payout Form.
Note: Online contribution elections may not exceed $19,500 in 2020. To contribute more than $19,500, you must submit the paper form to confirm you are making an Age-50+ Catch-Up contribution.
For your election to take effect on the applicable paycheck date, you must submit your contribution request during the period noted on the Payroll Cut-Off Date Schedule .
For help calculating your contribution amount, please refer to Deferral of Vacation and Sick Leave Payouts from Final Paychecks to 403(b) or 457 Plans .