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457(b) Plan

One of the main differences between the 403(b)/401(k) and the 457(b) is that the 457(b) has no early withdrawal penalty of 10% if an employee takes a distribution before age 59. Distributions are subject to ordinary income tax.

Go to Great West Enrollment to hear more on Great West 457(b) program. Use the DPS Great West Educator’s Money group number 350218-01 to sign in as a guest. For assistance in setting up an account or if you have specific questions, please call Todd Dunning, Senior Account Executive for Great-West, at 303-737-7710 or email todd.dunning@gwrs.com. To enroll online you will need to contact Educator’s Money direct at 877-816-0548 option 3 to set up a shell account.

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