The Annual Benefits Enrollment (ABE) period is from October 2- October 27, 2017.

IMPORTANT: The information on this website is for coverage that is effective in 2017.

Review the ABE website to learn more about changes to benefits for 2018 (including premiums) and to find out which changes you can make during this period.

This is also where you can meet ALEX, a new resource that can be your personalized benefits counselor!

Go to ABE Website for 2018 information

Overview

The Wisconsin Deferred Compensation Program (WDC) is a supplemental retirement savings plan, regulated by Section 457 of the Internal Revenue Code (see Program Features and Highlights). Through the WDC plan you can invest a portion of your income for retirement either on a pre-tax or post-tax (Roth) basis or a combination of both. Participation in the plan is voluntary. You make the entire contribution; there is no employer match.

WDC is administered by the Department of Employee Trust Funds (ETF) through a third-party administrator, Empower Retirement.

You can also learn more about Wisconsin Deferred Compensation at: www.wdc457.org.

Eligibility

All UW System employees, including student hourlies and graduate assistants — with the exception of some employees-in-training, fellows, and interns — are eligible to participate. Eligible employees can enroll at any time.

Enrollment

Enroll and make changes directly with Wisconsin Deferred Compensation. You can download and print either one of the below forms, then complete and submit it to the WDC office.

The completed form should be sent to:

Wisconsin Deferred Compensation
5325 Wall St, Suite 2755
Madison, WI 53718
Fax: 608-241-6045

If you have any questions, contact WDC directly at wdcprogram@empower-retirement.com or 877-457-9327.

Once enrolled, you may change your contribution level or investments choices by contacting WDC directly.

Contribution Limits

Federal tax code limits the amount of money that you can contribute to your WDC account on an annual basis.

2017 Maximum Contribution Limit

  • If under age 50: $18,000
  • If age 50 or older at any time during the year: $24,000 ($18,000 + $6,000 catch-up provision)

If you are within 3 years of your normal retirement age (typically age 65), you may be eligible to use the Special Catch-Up Contribution provision. You may not contribute to both the Special Catch-Up option and the Age 50+ Catch-Up option in the same calendar year, even if you are eligible for both options. Catch-up contribution limits are in addition to the regular contribution amount depending on how much you undercontributed in prior years. You are responsible for monitoring your contributions to ensure that you stay within the annual limits.

You can make the maximum contributions under both the WDC plan and the UW Tax-Sheltered Annuity 403(b) plan.

Investment Choices

You may contribute on both a pre- and post-tax basis to Wisconsin Deferred Compensation. See the brochure The WDC Roth – Is It Right For You? in order to help you determine what is best for you.

WDC offers a wide range of investment options to meet your needs. The investment options are divided into 4 tiers:

  • Lifecycle Funds
  • Passive Index Funds
  • Actively Managed Funds
  • Self-Directed Brokerage Account

See the Wisconsin Deferred Compensation website for a full list of available investment options.

Fees

The monthly fee to participate in WDC is based on your account balance as follows:

Account Balance Monthly/Annual Fee
$1-$5,000 $0 / $0
$5,001 – $25,000 $1 / $12
$25,001 – $50,000 $3 / $36
$50,001 – $100,000 $6 / $72
$100,001 – $150,000 $8 / $96
$150,001 – $250,000 $11 / $132
over $250,000 $16.50 / $198

Forms & Resources


last updated: 3/8/17

 

Every effort has been made to ensure this information is current and correct. This page does not guarantee enrollment or the ability to make changes to your benefits.