VOLUNTARY 403(b) SAVINGS PLAN

2 Easy Steps to Begin Saving
Current Participants

You’re already off to a great start with your defined benefit pension (CalSTRS/CalPERS). But you’ll also likely need personal savings and investments. On average, the CalSTRS retirement benefit will replace about 45% to 55% of a career educator’s salary, and the average CalPERS monthly retirement allowance is $3,281.

The 403(b) plan is designed to complement your retirement pension benefit and support your goal for a secure future. Contributing to your 403(b) account through tax-sheltered payroll deductions is a convenient way to build up your retirement income. You control how much to save and invest — and you can make changes at any time.

2 Easy Steps to begin saving

1. Select a Provider, Enroll, and Choose Investments.

Already have a 403(b) account set up with one of these providers? Skip to Step 2.

Available to Classified and Certificated staff

Enroll Now

CalSTRS Pension2 Program Information

Program Highlights

Key Facts

How to Enroll and Choose Investments

Investment Funds

Easy Choice Portfolios Overview

Program Costs & Quarterly Performance

Need Help? Contact a representative:

Email: Pension2@CalSTRS.com
Phone: 888-394-2060 (M – F, 8 a.m. – 5 p.m.)

Available to Classified and Certificated staff

Enroll Now

Equitable Program Information

Highlights

Request a meeting with an Equitable representative

Need Help? Contact a representative:

Email: robert.stenzel@fouroakswealth.com
Phone: 818-587-4265

How can I easily compare vendors?

In addition to the vendor resources above, California offers 403(b)Compare, a website designed to help you easily compare fees, returns, and services to find your best option. Select Alliance College-Ready Public Schools to view our vendor information.

2. Elect a contribution amount in Alliance Workday.

Note: You may contribute up to $22,500 in 2023, and if you are 50 or older, you can make an additional “catch‐up” contribution of up to $7,500.

Elect a 403(b) Contribution Amount in Workday

How much should I save?

The 403(b) plan is designed to compliment your defined benefit pension (CalSTRS/CalPERS). According to financial professionals, you may need 80% to 90% of your final salary to retire comfortably.

First, estimate what your monthly pension benefit will be using the calculator provided by your pension program. Calculators are retirement planning tools and are estimates only. Contact CalSTRS/CalPERS for more information.

CalPERS Retirement Benefit Estimate Calculator

CalSTRS Retirement Benefit Estimate Calculator

Second, determine if you need more to retire comfortably. Talk with a financial professional or use this savings calculator to estimate what a difference voluntary 403(b) savings can make.