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Peach State Reserves 401(k)
and 457 Plans |
  Plan
Information Account Access
FAQ
(Frequently Asked Questions)
401(k)/457
Plan Comparison
Military
Service Make-Up Contributions
Peach State Reserves News
If you wish to make a change to the amount you are
contributing to your Peach State Reserves (PSR) account, you must
indicate the change in 1% increments, rather than in dollar amounts. If
you are currently contributing the maximum to your account(s), please
keep in mind the annual contribution
limits when determining your new percentage contribution.
To learn
more about Peach State Reserves, the investment options, or to enroll or
change your contribution amount, visit the PSR website or call
1-866-694-2777.
Annual Leave
Deductions Now Only to 457
Effective January 1,
2009, any deductions from Annual Leave payouts may only be directed to the
457 plan. If you are not enrolled, completion of the
Annual Leave Agreement will establish the 457 account in order to accept
the annual leave deduction. Keep in mind that contributions for the
calendar year, including annual leave deductions may not exceed the
applicable plan contribution limit.
Stable Value Fund Quarterly Range of Return
At the beginning of each quarter, the investment manager will project a
range for the expected return of the Stable Value Fund, which is
communicated as an annualized percentage. There is no
guarantee that the fund will earn a yield within this range. The return may
be higher or lower. For the current quarter ending September 30, 2009, the
projected range is expected to be between 1.5% and 2.25% annualized until
the end of the quarter. The actual annualized rate of return for the
previous quarter was 2.26%.
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2009 Contribution Limits for 401(k) and 457 |
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The contribution limits
for 2009 increased to $16,500. If you contribute to the 401(k) plan and a 403(b) plan in 2009,
you must ensure that your contributions to both plans combined do not
exceed $16,500 in 2009. | | |
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The plan contributions limits for 2009 are as follows: |
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$ | 401(k)
and 457 plan contribution maximums are $16,500 for each plan.
Therefore, those participating in both plans can contribute a
maximum of $33,000. For those who are also eligible for a 403(b)
plan, please be aware that the combined maximum for contributions to
a 403(b) plan and a 401(k) plan is $16,500, but the combined maximum
for contributions to a 403(b) plan and a 457 plan is $33,000. |
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$ | For participants who will be age 50 or
older anytime in 2009, the maximums for each plan (401(k) and 457) are
$22,000.* |
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$ | For participants utilizing the Special
457 Catch-Up feature prior to retirement, the maximum contribution is
$33,000 for the 457 plan (subject to the total dollars available from prior
unutilized contributions).* | | |
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* The Age 50 and
Over additional Contribution of $5,500 to the 457 plan and the
Special 457 Catch-Up contribution cannot be used at the same time.
The additional $5,500 to the 401(k) plan can be made even if
utilizing the Special 457 Catch-Up contribution. |
Access Your Account
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Internet Access |
 Online for Plan information and account balance
inquiry, and to make investment balance transfers or re-allocations of ongoing
contribution investments.
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Phone Access |
A
toll-free number (1-866-694-2777) available 24 hours a day, 6+ days per week to
provide Account balances, automated publication requests, and daily investment
transfer capabilities using a touchtone phone. Service representatives are
available from 8:00 a.m. to 8:00 p.m. Monday through Friday for those questions
that cannot be handled through the Interactive Voice Response menus.
Peach State Reserves FAQ
Here you will find the most frequently asked questions (and the answers) related to Peach State Reserves.
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