Your 457 total also includes an employer match of EMPLOYER_MATCH of your contributions, up to EMPLOYER_MAX of your annual salary. Your current 457 plan has your employer contributing EMPLOYER_ANNUAL per year. To receive your employer's maximum match of EMPLOYER_DOLLARS, you should contribute at least EMPLOYER_CALC_MAX of your annual salary to your 457. Without your employer's match, your ending 457 would be reduced to NOMATCH_AT_END_OF_INVESTMENT.
|Current 457 balance||STARTING_AMOUNT|
|Years to invest||YEARS|
|Annual rate of return||RATE_OF_RETURN|
|Expected annual salary increase||SALARY_INCREASE|
|Percent to contribute||CONTRIBUTE_PERCENT|
|Your 457 contribution*||CONTRIBUTE_ANNUAL per year|
|Your employer's 457 match|| EMPLOYER_ANNUAL per year|
This is a EMPLOYER_MATCH employer matchup to a maximum of EMPLOYER_MAX of your annual salary.
|Total you will contribute||TOTAL_AMOUNT_YOU_HAVE_PAID_IN|
|Total your employer will contribute||TOTAL_AMOUNT_EMPLOYER_PAID_IN|
|Total at age AGE_OF_RETIREMENT||TOTAL_AT_END_OF_INVESTMENT|
|Total without employer match||NOMATCH_AT_END_OF_INVESTMENT|
It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that Separate Account investment funds and/or investment companies may charge.
For example, let's assume the employer matches 50% of the employee's contributions up to 6% of their salary. The employee earns $100,000 per year and contributes 10%. The results would be:
Please read the definition for 'Employer maximum' for a detailed description of maximum employer matching contributions. It is important to note employer contributions do not affect the maximum annual deferral allowed to an employee. (The employee contribution plus any employer match cannot exceed the maximum allowed deferral.)
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