Wisconsin Deferred Compensation Program (457)

Wisconsin Deferred Compensation Program
5325 Wall Street, Suite 2755
Madison, WI  53718
Phone: (877) 457-9327
Visit: www.wdc457.org
Email: wdcprogram@gwrs.com

What is Wisconsin Deferred Compensation (WDC)/Section 457?

The Wisconsin Deferred Compensation (WDC) Program is a supplemental retirement savings program regulated by Section 457 of the Internal Revenue Code. It is available to all State and University of Wisconsin employees, as well as employees of local governments and school districts in Wisconsin that have elected to offer the WDC.

The WDC provides eligible employees with the opportunity to invest a portion of their annual earnings on a before- or after-tax basis to supplement retirement income. Federal tax law sets forth certain limitations and restrictions that must be followed, including the amount of employee compensation that can be deferred as well as when and how account balances can be distributed. You can make either before-tax or after-tax Roth contributions and there is currently no minimum per-pay-period contribution required of a participant. The maximum annual contribution is generally the lesser of the regulatory indexed limitation or 100% of adjusted gross compensation.

How Do I Enroll?

Enrolling in the WDC Program is simple! You can download and print either one of the below forms, then complete and submit it to the WDC office.

  • Complete Enrollment
    Choose your own investment lineup from the options available in the Program.
  • Simplified Enrollment
    Have your contributions automatically directed into the target date fund which most closely corresponds with the year you will turn 65.

If you have any questions, feel free to contact the WDC office directly at wdcprogram@gwrs.com or (877) 457-WDCP (9327).   Once you have established an account, please contact fill out the VASD Salary Reduction Form

457(b) Contribution Limits (from irs.gov)


A 457(b) plan’s annual contributions and other additions (excluding earnings) to a participant’s account cannot exceed the lesser of:

  1. 100% of the participant's includible compensation, or

  2. the elective deferral limit ($18,000 in 2015 and 2016).

Increases to the general annual contribution limit:

  • 457(b) plans of state and local governments may allow catch-up contributions for participants who are aged 50 or older.

  • Special 457(b) catch-up contributions, if permitted by the plan, allow a participant for 3 years prior to the normal retirement age (as specified in the plan) to contribute the lesser of:

    • Twice the annual limit ($36,000 in 2015 and 2016), or
    • The basic annual limit plus the amount of the basic limit not used in prior years (only allowed if not using age 50 or over catch-up contributions)

Other Helpful Information
Double Your Savings Power
Program Features & Highlights
WDC Investment Options

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