Wisconsin Deferred Compensation Program
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, Great West Retirement Services.
WDC representatives hold seminars across Wisconsin to help you learn more about preparing for a retirement. See the presentation schedule to see when they will be near you.
All University 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.
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
If you have any questions, contact WDC directly at email@example.com or 877-457-9327 (TTY # for the hearing or speech impaired: 1-800-766-4952).
Once enrolled, you may change your contribution level or investments choices by contacting WDC directly.
Investment Choices & Fees
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 WDC Investment Options & Reality Investing® Advisory Services brochure for a summary of options available.
See Wisconsin Deferred Compensation for a full list of available investment options.
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||$2 / $24|
|$50,001 - $100,000||$4 / $48|
|$100,001+||$5.50 / $66|
Federal tax code limits the amount of money that you can contribute to your WDC account on an annual basis.
2014 Wisconsin Deferred Compensation 457 Annual Contribution Limit
- If under age 50 in 2014: $17,500
- If age 50 or older in 2014: $23,000
You can maximize your contribution under both the WDC plan and the UW Tax-Sheltered Annuity 403(b) plan. If under age 50, you can contribute $17,500 to both plans ($23,000 to both plans if 50 or older).
Additional Contributions – Standard Catch-Up Provision
If you are within 3 years of your normal retirement age (typically age 65) and you under-contributed in the past, you may be able to contribute an additional $17,500 in 2014. This would increase your maximum contribution to $35,000.
See WDC Catch-Up Provisions for detailed information about eligibility and steps you need to take to take advantage of the catch-up provisions.
Forms & Publications
- Enrollment Form - Simplified
- Enrollment Form - Complete
- Catch-up Contribution Application
- Beneficiary Designation
- Incoming Transfer/Direct Rollover
- Personal Information Change Request
- WDC Forms and Brochures Page
- Program Highlights
- Fact Sheet
- Investment Planning Guide
- Catch-up Contributions Brochure
- Understanding Your Distribution Options Brochure
- Retirement Guide
- Money Talks Newsletter
- Plan Document